TODAY’S NEWS
POLITICS
12:01 Romania’s Prime Minister Nicolae Ciuca said at an event dedicated to the victims of the Holocaust, organized by the Federation to the Jewish Communities from Romania at the Choral Temple in Bucharest on Friday, that the hard lesson of the Holocaust reminds us every time what happens when the majority does not take a stand against individuals or groups that promote “poisonous ideas for society.”
10:39 Romania’s Minister of Foreign Affairs Bogdan Aurescu had a bilateral meeting with his Dutch counterpart Wopke Bastiaan Hoekstra, on Thursday, in the city of Sibiu in Transylvania, with the discussion agenda including the topic of Romania’s accession to the Schengen area as a matter of priority and the ongoing steps to advance this important file, according to the Ministry of Foreign Affairs (MAE).
ECONOMY
12:44 The National Commission for Strategy and Prognosis (CNSP) expects a slowdown in Romania’s economic growth to 2.8% in 2023 and a significant decline in the annual inflation rate to 8% at the end of 2023, the CNSP said in its winter forecast.
10:50 Romania’s unemployment rate stood at 3.05% in December 2022, higher than the previous month by 0.01% points, National Employment Agency data showed.
09:52 Romania’s finance ministry raised almost RON8 billion on Thursday (Jan 26) through two government bond issues, at annual average yields of 7.39% and 7.10%, National Bank of Romania data showed.
09:19 CFA Romania analysts see the Romanian leu depreciating to an average of 5.0636 units to the euro in the next 12 months, while they expect the annual inflation averaging 10.27% during the same period.
COMPANIES & BUSINESS
09:11 Over half of Romanian employees (59%) are worried about the impact of economic uncertainty on their job security, according to the twentieth edition of Randstad Workmonitor.
09:01 Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM) and the Association for the Development of Local Entrepreneurship (ADAA) concluded a collaboration protocol to mutually promote their programs and projects in support of SMEs, entrepreneurs and the entire business environment.
MORE NEWS FROM ROMANIA
SIBIU
12:47 The most bewildering house in central Sibiu County, built with the roof down, represents a magnet for tourists from everywhere, becoming the “star” of the last months in the well-known tourist area called Valea Avrigului / Avrigului Valley. The upside down house is the only one of its kind in the county, according to the County Tourism Association, and among the few in Romania, Agerpres reported.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.8922 | GBP 5.5612 |
| USD 4.4928 | CHF 4.8793 |
| BGN 2.5013 | 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 -0.35%, BET-TR -0.35%, BET-FI -0.20%, BET-NG -0.48%, BET-XT –0.34%, BETXT-TR –0.34%, BET-BK -0.24%, RO-TX -0.49%, BETAeRO -0.27% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks head into the weekend in the red as rest of Europe closed Friday’s trading session slightly higher. Investors turn towards the next week’s monetary policy decisions to be made public by the European Central Bank, the US Federal Reserve, and the Bank of England. |
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