POLITICS
11:45 President Klaus Iohannis on Tuesday promulgated a piece of legislation amending Article 6(2) in Law 361/2022 regarding the protection of whistleblowers in the public interest, Agerpres reported.
10:01 Prime Minister of the Republic of Poland Mateusz Morawiecki is paying a visit to Romania on Tuesday (March 28) and will participate in a joint government meeting. He will also meet President Klaus Iohannis.
10:07 Romania’s Prime Minister Nicolae Ciuca discussed on Monday (March 27) with President of the European Council Charles Michel who was in Bucharest, the situation in Ukraine and the Republic of Moldova, as well as the issue of Romania’s accession to Schengen.
ECONOMY
19:22 Romania’s general consolidated budget posted a deficit of RON17.04 billion in the first two months of this year, or 1.07% of gross domestic product (GDP), according to the finance ministry.
14:52 Romania is among the top three oil producers in the EU in 2021, according to a Eurostat report. After reaching a record high of 96.78% in 2020, the import dependency for the entire family of crude oil and petroleum products declined to 91.67% in 2021.
10:26 The Romanian Chamber of Commerce and Industry (CCIR) is organizing the Romania-Poland Economic Forum on Tuesday (March 28), an event that will be attended by the two prime ministers of the two countries, Nicolae Ciuca and Mateusz Morawiecki, according to the organizer.
10:28 Romania’s Finance Ministry raised RON556 million from banks on Monday (March 27) selling bonds maturing in 2027, at an annual average yield of 7.15%, National Bank of Romania data show.
COMPANIES & MARKET
13:38 The majority of family-owned businesses in Romania (82%) increased their sales in the last financial year, up 55% compared to 2021, and above the 71% recorded globally, according to PwC’s Global Family Business Survey.
10:35 Romanian business managers predict soaring prices in retail and construction, but also in industry and services during March-May 2023, while they see moderate activity growth in the processing industry and services, a survey by the National Institute of Statistics reveals.
10:45 Candidates’ interest in remote jobs stayed high in Jan-March 2023, while the number of applications for jobs abroad registered a significant decline, according to an analysis by online recruitment platform eJobs.ro.
MORE NEWS FROM ROMANIA
CRAIOVA
18:02 Baupartner Construct, part of Baupartner group controlled by Michael Dietrich, is set to build the biggest mall to be opened in Romania in 2023. Located in southwestern city of Craiova, Promenada Mall Craiova, has a built area of 75,000 square meters and 2,100 parking spaces.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9481 | GBP 5.6203 |
| USD 4.5740 | CHF 4.9827 |
| BGN 2.5299 | MDL 0.2482 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.35%, BET-TR 0.35%, BET-FI 0.32%, BET-NG 0.54%, BET-XT 0.37%, BETXT-TR 0.37%, BET-BK 0.50%, RO-TX 0.47%, BETAeRO -0.01% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed higher on Tuesday in line with rest of Europe amid easing concerns over the banking system and on eve of testimony to Parliament about Silicon Valley Bank by the governor of the Bank of England (BoE). Investors are awaiting the newest reports, such as those on the Eurozone and Germany’s inflation and unemployment rate, and the United Kingdom’s gross domestic product (GDP), all scheduled for release this week. |
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