TODAY’S NEWS
POLITICS
14:45 Romanian Minister of Foreign Affairs Bogdan Aurescu spoke on Monday on the sidelines of the Foreign Affairs Council (FAC), which takes place in Brussel, with his Italian counterpart, Antonio Tajani, as well as with his Belgian counterpart, Hadja Lahbib, about Romania’s accession to the Schengen Area, according to the Ministry of Foreign Affairs(MAE).
11:39 The Secretary General of the Social Democratic Party (PSD), Paul Stanescu, gave assurances, on Friday that at the end of May the president of the PSD, Marcel Ciolacu, would be appointed prime minister, stating that otherwise there would be early elections in Romania, Agerpres reported.
11:19 Economy minister Florin Spataru told entrepreneurs that Romania will notify the European Commission with the aim of boosting the state-aid scheme for manufacturing industries from EUR 150 mln per year to EUR 500 mln per year and to prolong it from two years (2022-2023) to four years, until 2025.
ECONOMY
16:52 Romania’s crude oil production dropped 6% in first 11 months of 2022, while imports were up 31.4%, National Institute of Statistics data showed.
16:35 Romania’s private pension system, consisting of Pillar II – mandatory private funds to which several million Romanian employees contribute a portion of their gross monthly income, and Pillar III – voluntary private funds to which several hundred thousand Romanians contribute an amount of their choosing, has overshot the RON100 billion (EUR20 billion) asset mark, Ziatul Financiar reported.
10:13 Romania’s private consumption posts strongest post-Covid recovery among EU states, Eurostat data showed. In 2021, household consumption expenditure in the EU increased by 4.2% compared with 2020, but is still 4.1% lower than in 2019. From 2019 to 2021, the largest increases in household expenditure were recorded in Romania (+4.7%), Bulgaria (+4.3%), Lithuania (+3.5%), Estonia (+3.1%) and Sweden (+2.8%).
COMPANIES & MARKET
10:58 The Romanian M&A market registered 258 deals in 2022, up 26%, with a total estimated value of $6.6 billion, 10% above the 2021 level, according to an analysis by EY Romania.
10:01 The turnover of Romanian providers of services to both companies and households increased in January-November 2022 by 28% y-o-y and 27% y-o-y, respectively.
09:45 Posta Romana, the national postal operator in the field of postal services, owned by the Romanian state, announced that it purchased 200 new cars, which accounts for approximately 20% of its car fleet, under a RON 19 mln (EUR 4 mln) contract.
09:29 The Foreign Investors Council (FIC) celebrated last week 25 years of activity in Romania, an occasion that brought together in a constructive dialogue the directors and presidents of the largest companies in the country, representatives of the Government, Parliament, Presidential Administration, regulatory authorities, and international institutions.
SOCIAL
15:47 On Sunday, 66,862 people entered Romania through the border checkpoints, including 7,052 Ukrainian citizens, according to the General Inspectorate (IGPF) of the Border Police.
MORE NEWS FROM ROMANIA
ORADEA
09:39 Oradea, in northwest Romania, will be the first city in the country to have biological samples transported between hospitals by drone. Oradea City Hall concluded with Sky Network, an Australian company, a collaboration contract for a pilot project of “Development of an innovative and sustainable system for transporting biological samples between the buildings of the County Hospital with drones medical”, Adevarul reported.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9198 | GBP 5.5862 |
| USD 4.5132 | CHF 5.9102 |
| BGN 2.5154 | MDL 0.2399 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.86%, BET-TR 0.86%, BET-FI 1.73%, BET-NG 1.19%, BET-XT 0.96%, BETXT-TR 0.96%, BET-BK 1.09%, RO-TX 0.87%, BETAeRO 0.99% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on Monday mirroring the trends across Europe where markets closed higher after the European Commission reported a modest improvement in consumer confidence in the euro area. |
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)
Visit our other websites:
• www.worldmarketsdaily.com • www.classifieds.investopress.com
• www.printwebpublications.com • www.realestatemagazine.com.ro
• www.traveltogreece.com.ro (Coming soon)
