TODAY’S NEWS
POLITICS
17:56 Romania’s Interior Minister Lucian Bode has asked his Swedish counterpart Gunnar Strommer for an actual plan to unblock the Schengen file, according to a social media post by Bode.
16:02 Romania’s National Defence Minister Angel Tilvar is on an official visit to Germany on Thursday and Friday, according to the National Defence Ministry (MApN).
14:01 Romania’s Prime Minister Nicolae Ciuca said at the beginning of the Government meeting on Thursday that the country’s economy increased by 49 billion euros in 2022 compared to 2021, and added that for this year the GDP has a favorable forecast, with an increase of 2.8%.
12:48 Romania’s minister of Foreign Affairs, Bogdan Aurescu, the Dutch deputy prime minister and minister of Foreign Affairs, Wopke Hoekstra, and the French minister for Europe and Foreign Affairs, Catherine Colonna, will be visiting the Getica National Joint Training Center in Cincu, the central Brasov County, on Friday, according to the Ministry of Foreign Affairs.
11:02 The prime-vicepremier and Serbian minister of foreign affairs, Ivica Dacic, met on Wednesday with Romania’s ambassador of Romania to Belgrade, Silvia Davidoiu to whom she thanked for their position of principle regarding the maintenance of territorial integrity of Serbia and for the support offered as regards Belgrade’s position about the situation in Kosovo-Metohija and Serbia’s European integration.
ECONOMY
13:43 In 2022, the EBRD provided EUR 709 million worth of investments in 32 operations in Romania, the highest level of EBRD investment in Romania in more than a decade, the London-based lender said.
12:55 The number of complaints climbed 64% in 2022, with billing as main problem, according to Romania’s energy watchdog.
12:22 Inflation will remain expressed in two digits until the end of this year, according to CFA Romania analysts with their expectations indicating a rate of 10.27%, down from 16.37% in 2022.
11:11 Romania pays 0.85% of the GDP for special pensions, and in two to three years we may reach up to 1.5% of the GDP, Eugen Radulescu, head of the Financial Stability Directorate of the National Bank of Romania (BNR) 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
10:52 Eight Romanians out of ten would change their job for higher incomes and better development opportunities, according to a study carried out by a eJobs.
10:02 In 2022, the National Authority for Administration and Regulation in Communications (ANCOM) fined 2.81 million RON some operators who were active on the electronic communications market, on the market of radio equipment and electromagnetic compatibility, respectively on the market of postal services, ANCOM said.
09:59 The biggest number of mergers and acquisitions of 2022 were clinched in the real estate field, with almost 60 of the 157 deals of above EUR5 million reported coming from this area, with a value of over EUR1.7 billion of the estimated market total of EUR6.5-7.5 billion (26%), a Deloitte Romania analysis revealed.
SOCIAL
10:18 On Wednesday, 64,564 people entered Romania through the border points, of which 8,275 were Ukrainian citizens according to the General Inspectorate of the Border Police.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.8858 | GBP 5.5520 |
| USD 4.4803 | CHF 5.8787 |
| BGN 2.4980 | MDL 0.2384 |
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 0.37%, BET-TR 0.37%, BET-FI -0.41%, BET-NG 0.70%, BET-XT 0.34%, BETXT-TR 0.34%, BET-BK 0.41%, RO-TX 0.39%, BETAeRO 0.19% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the green on Thursday mirroring the trend across Europe where major European stock exchanges closed the trading session off with solid gains as promising economic data released throughout the week seemingly continued to boost trader mood. |
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