16:40 Romania can benefit from funds worth 1.5 billion euros for land improvement works, combating soil erosion and improving the irrigation system, said Minister Petre Daea, who presented on Wednesday the National Strategic Plan for 2023-2027, for development of agriculture
11:15 Romania’s Minister of European Investments and Projects Marcel Bolos said on Wednesday that the distribution of energy-bill aid cards will start from February 1, and the first heating aid payments will be possible from February 20.
11:57 Romanian President Klaus Iohannis stated on Tuesday that the successes of 1859, when the Union of the Romanian Principalities was achieved, represent a “genuine lesson of responsibility for all of us” and reiterated the call to use all the tools available to complete the reforms that Romania needs and to “eradicate the dysfunctionalities that have been lingering for a long time”, Agerpres reported.
10:19 The roots of European Romania can be found in the Union of Romanian Principalities, a visionary act achieved through the unity of will around common values and objectives, Prime Minister Nicolae Ciuca stated on Tuesday on the occasion of the Romanian Principalities Union Day.
17:43 The Ministry of Development, Public Works and Administration (MDLPA) has settled RON 4,385,516.13 worth of invoices for four investment objectives financed through the “Anghel Saligny” National Investment Programme, MDLPA said.
18:17 Private lending in Romania increased by 12.1% in nominal terms (-3.6% in real terms) in December 2022 y-o-y to RON363.59 billion, as local currency lending rose by 6.6% (+8.4% in real terms) and foreign currency lending expressed in lei by 26.7%, National Bank of Romania data showed.
15:43 Romania cannot afford a decrease in tax revenue given that the consolidation of the public government deficit has to continue, Chairman of the Fiscal Council (CF) Daniel Daianu said on Wednesday at the presentation of “Financial stability. Selected works,” published in Romanian and English in the “National Bank of Romania Library – 140th Anniversary.”
COMPANIES & BUSINESS
12:02 Customers in Romania, Hungary and Bulgaria prefer mobile phone orders an analysis shows.
11:01 Private equity fund Innova Capital, one of the most dynamic financial investors in CEE, including Romania, is raising its seventh fund and wants to collect EUR350 million overall, Ziarul Financiar reported.
10:58 Approximately 46% of employees in Romania currently work exclusively in office, while nearly 20% continue to work fully remotely, and the rest have a hybrid schedule according to an eJobs survey.
10:46 Over 100 Ukrainian companies have relocated businesses to Chernivtsi region, according to local authorities.
13:22 Approximately 134,300 people, Romanians and foreign citizens, with 37,800 means of transportation have completed the control formalities at the border crossing points nationwide, both on the way in and on the way out, according to the General Inspectorate of the Border Police (IGPF).
MORE NEWS FROM ROMANIA
11:19 More than 7,000 people came, until Tuesday morning, to the Union Square of Iasi to participate in the events organized on the occasion of the celebration of the Union of the Romanian Principalities, local media reported.
|EUR 4.9016||GBP 5.5473|
|USD 4.5101||CHF 5.8877|
|BGN 2.5061||MDL 0.2386|
BNR INTEREST RATES
|16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.03%, BET-TR 0.03%, BET-FI -0.11%, BET-NG -0.04%, BET-XT 0.01%,|
BETXT-TR 0.01%, BET-BK 0.24%, RO-TX -0.12%, BETAeRO -0.29%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed Wednesday’s session with slight increase as major stock market indices in Europe closed Wednesday’s trading session lower despite data showing improved business sentiment in Germany and an uptick in eurozone services and manufacturing activity.|
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