POLITICS
08:32 Deputy Prime Minister Kelemen Hunor, leader of the Hungarian Democratic Union of Romania (UDMR), told TVR Info on Tuesday (March 21) that if he were to decide alone, he would opt for snap elections, because 2024 is a year of “stagnation” and a stable governing majority is needed.
08:22 Minister of Agriculture and Rural Development (MADR), Petre Daea told a press conference on Tuesday that the stock situation is not eloquent and that we should not compare the difference between the past years and this year, which is an atypical year, because this comparison hides the phenomenon of Ukraine.
08:20 The Ministry of National Defense (MApN) requested the approval by the Parliament for the acquisition of weapon systems, air-to-air missiles, combat vehicles, Agerpres reported.
ECONOMY
10:06 The turnover in the wholesale trade (with the exception of trade in motor vehicles and motorcycles) increased, in January 2023, in nominal terms, compared to January 2022, both as a gross series by 11%, and as a series adjusted according to the number of working days and seasonality by 16.4%, the National Institute of Statistics (INS) data showed.
10:01 Romania’s online shopping value reached EUR 6.3 billion in 2022, according to the latest report by GPeC, the Romanian Association of Online Shops (ARMO) and the main players on the market.
10:00 The goods loaded and unloaded in the ports where maritime vessels are operated stood at 60.26 million tonnes last year, with 14.899 million tonnes recorded in the final quarter of 2022, according to INS data.
COMPANIES & MARKET
10:49 Romania will launch a EUR 103 million grant scheme for investments in power storage facilities, following an approval from the European Commission.
10:37 Bucharest-listed Electrica Group, through its subsidiary Distributie Energie Electrica Romania SA (DEER), has concluded a RON180M loan agreement with the European Bank for Reconstruction and Development (EBRD).
10:30 ONE United Properties, a leading green investor and developer of residential, mixed use and office real estate, listed on the Bucharest Stock Exchange, has proposed an additional gross dividend of RON0.01/share to shareholders, namely a total sum of RON37 million, after the company has already earmarked RON36 million in September from 2022 profit for dividends of RON0.013/share.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9232 | GBP 5.6092 |
| USD 4.5644 | CHF 4.9467 |
| BGN 2.5172 | MDL 0.2451 |
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 -0.37%, BET-TR -0.37%, BET-FI -0.10%, BET-NG -1.33%, BET-XT –0.39%, BETXT-TR –0.39%, BET-BK 0.11%, RO-TX -0.31%, BETAeRO -0.71% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the red on Wednesday bucking the trend across Europe where major stock exchange indices closed higher. Investors around the world awaited the U.S. Federal Reserve’s newest decision on the key interest rates amid insecurity about whether the institution will raise them at all or not. |
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