On Wednesday (March 22) the Patriarch of the Romanian Orthodox Church, Daniel welcomed Kathleen Kavalec, the Ambassador of the United States of America to Romania, on a presentation visit at the patriarchal residence, with the phenomenon of migration being on the agenda of the discussions, the Romanian Patriarchate informs.
10:15 National leader of the Social Democratic Party (PSD) Marcel Ciolacu told Europa FM on Wednesday (March 22) that he is convinced that there will be a rotation of Romania’s prime ministers, and the future government will function better.
10:10 Prime minister Nicolae Ciuca who is visiting Moldova’s capital Chisinau on Thursday (March 23), said in an interview with Open.md that Romania will always stand by the Republic of Moldova’s side, regardless of the nature and weight of the economic and security issues it will be subjected to.
10:01 President Klaus Iohannis will participate, on Thursday and Friday (March 23-24), in the Spring European Council meeting and in the Euro Summit in an enlarged format, which will take place in Brussels, according to the Presidential Administration.
16:58 Deposits of non-government resident customers increased by 1.7% last month up to RON522 billion versus January 2023, and by 8.5% (down 6.1% in real terms) versus February 2022, BNR data showed.
11:31 RON-denominated household & corporate loans decreased by 0.3% this February, while foreign exchange loans went up 2.4% National Bank of Romania data showed.
11:11 The volume of construction works in Romania increased, in unadjusted data, by 5.8% in January 2023, y-o-y and was up 7.2% when adjusted to the number of working days and to seasonality, the National Institute of Statistics (INS) data showed.
11:01 Romania is the second biggest wheat export in the EU in 2022 – 2023 with 2.77 million tons, after France, according to data published by the European Commission.
10:55 The Romanian economy will stagnate this year, in which concerns regarding the uncertainties associated with macro-economic conditions will be in the foreground, according to the 5th edition of the Moneycorp Barometer on the state of the Romanian economy.
COMPANIES & MARKET
11:26 Over 43% of large companies in Romania foresee increase in the number of employees in 2023, a survey which includes the predictions of 222 HR specialists from large companies operating on the Romanian market shows.
09:39 Carmaker Dacia’s revenue increased by 20% to RON26.7 billion or EUR5.2 billion in 2022, higher than even in 2019, despite lower production than that year, according to Dacia’s report.
MORE NEWS FROM ROMANIA
13:04 The International Robotics Championships, organized by Robotics Club Oradea for 11th time, will be held on April 20-22 and will bring to the north-west city over 500 competitors from 11 countries, while Romania will be represented by almost 200 competitors, InfoOradea reported.
11:29 FrieslandCampina, one of the largest global companies in the dairy market, is consolidating its operations in Romania in the first Class A industrial park in Cristești, near Târgu Mureș – Mureș City Logistics, and becomes the first associate in a project developed by Global Vision in partnership with Globalworth.
|EUR 4.9214||GBP 5.5631|
|USD 4.5250||CHF 4.9374|
|BGN 2.5162||MDL 0.2449|
BNR INTEREST RATES
|15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.34%, BET-TR 0.34%, BET-FI -0.39%, BET-NG 0.26%, BET-XT 0.22%,|
BETXT-TR 0.22%, BET-BK -0.04%, RO-TX -0.01%, BETAeRO -0.76%
CAPITAL MARKET COMMENTARY
|Bucharest stocks turned in a mixed performance on Thursday as investors digested the latest interest rate hikes by the U.S. Federal Reserve and the Bank of England. The U.S. central bank hiked rates by another 25 basis points on Wednesday and expressed caution about the recent banking crisis. It also indicated that hikes are nearing an end. Earlier today, the U.K. central bank announced its widely-expected 25 basis point increase.|
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