POLITICS
18:22 Minister of Agriculture and Rural Development Petre Daea told Agerpres that the amount allocated to Romania to support farmers affected by the influx of grain from Ukraine is derisory and he has requested a revision of the calculation formula.
18:15 Romania’s President Klaus Iohannis who is on an official visit to the United Arab Emirates (UAE) met Sheikh Mohammed bin Rashid Al Maktoum, the vice-president and prime minister of the United Arab Emirates, ruler of the Emirate of Dubai. The two high-ranking officials discussed Romania-UAE development, education and co-operation, according to the Romanian Presidential Administration.
11:06 The United Arab Emirates is to Romania a model of good practices in many fields, including education for sustainable development, Education Minister Ligia Deca, who was part of a retinue accompanying Romania’s President Klaus Iohannis on an official visit to the UAE, wrote in a social media post on Monday.
ECONOMY
11:03 Bulgaria and Romania (both with 0.8%) have the lowest rates of vacant workplaces in the EU, according to data published on Monday by Eurostat. The job vacancy rate in the fourth quarter of last year was 3.1% in the euro area and 2.8% in the European Union.
10:45 In January 2023, the volume of construction works decreased, as gross series, by 66.1% compared to December 2022 and was down 4.3% as adjusted series according to the number of working days and to seasonality, National Institute of Statistics showed.
10:31 Romania ranks 14th in the EU by the number of new passenger cars registered in January-February 2023, with 24,715 units, up 37.7% y-o-y.
COMPANIES & MARKET
18:01 Companies listed on the Bucharest Stock Exchange offered investors 100% growth over the last 5 years, the BVB said in a press release.
09:29 Romania’s state-owned Nuclearelectrica and Emirates Nuclear Energy Corporation (ENEC) have signed a Memorandum of Understanding for bilateral cooperation in the nuclear energy sector.
09:00 Insurance company Euroins is fully covered and has enough assets to continue making payments in the next three weeks even if it has no income, the chairman of Eurohold, Assen Hristov, told a press conference on Monday (March 20).
08:32 Bucharest-listed energy giant OMV Petrom, the largest company in Romania, has budgeted RON40 billion revenue from sales in 2022 and the net profit should reach RON3.9 billion.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9209 | GBP 5.6037 |
| USD 4.5755 | CHF 4.9434 |
| BGN 2.5160 | MDL 0.2465 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.27%, BET-TR 0.27%, BET-FI -0.75%, BET-NG -0.66%, BET-XT 0.09%, BETXT-TR 0.09%, BET-BK 0.28%, RO-TX 0.61%, BETAeRO 0.26% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed mostly higher on Tuesday mirroring the uptrend across Europe where major stock market indices finished the trading session in the green amid easing concerns about the health of the banking sector following the efforts by governments and central banks to rescue distressed banks in the U.S. and Europe. Assurances by European Central Bank President Christine Lagarde and U.S. Treasury Secretary Janet Yellen about capital and liquidity levels of the banks helped as well. |
To get in touch with our editorial team, send a press release,
email us at: editorial [at] buildpress.com.ro
To advertise on our platforms, you can use this form,
email us at: advertise [at] buildpress.com.ro
or call us at: +40 314 228 321 (Monday-Friday 10:30 – 16:30)
