Romanian news

Romania Daily News – 29/03/23


16:27 On Friday (March 31), Prime Minister Nicolae Ciuca together with a government team, we will make a working visit to Sweden, which currently holds the presidency of the European Union, the premier said on Wednesday (March 29) at the beginning of the Government meeting.

15:29 Romanian President Klaus Iohannis said on Wednesday, in the message conveyed at an event organized by the National Bank of Romania (BNR) on the occasion of the 100th anniversary of the 1923 Constitution, that the fundamental law of 1923 is an emblematic political document for the country.

13:47 Romania’s Senate adopted by 79 votes “in favour” and 37 “against,” the draft law initiated by the Government to amend and supplement certain regulations in the area of service pensions.


10:48 Housing prices increased by 38% on average in the EU between 2015-2021, with Romania having the lowest price increase in the CEE region, of 34%, a recent report by Colliers reveals.

10:14 Goldman Sachs in a note to its clients indicated a positive short-term outlook for Romania. The US investment bank also warned that risks remain in the medium term due to the current account deficit and inflation.

09:58 BCR, the second largest bank in Romania by assets, plans to distribute as dividends 65% of the RON 1.83 bln net profit generated in 2022. BCR is controlled by Austrian banking giant Erste Group.


17:50 The IT&C industry in Romania could reach 10% GDP in 2025, up from 7-7.5% at present, Microsoft general manager Bogdan Putinica told the Microsoft Envision Romania 2023 event on Wednesday (March 28).

16:16 Bucharest Stock Exchange kicks off the 6th Made in Romania edition program dedicated to Romanian entrepreneurs. The 15 finalist companies in 2022 are: 5 to go, Agricloud, Agroland Business System, Antibiotice Iasi, Code of Talent, Curtea Veche Publishing, Cyscale Systems, Deltamed, Digisign, dotLumen, FintechOS, IRUM, Merlin’s Beverages, Transavia and Zebrapay.

15:35 Kazakh state-owned energy group KMG, which owns the Romanian Rompetrol group and the largest refinery in Romania (Petromidia), has reportedly reached an agreement with Russian multinational energy corporation Lukoil on the takeover of the filling stations in Romania, Ziarul Financiar reported citing people familiar with the matter.

15:17 American credit rating agency Fitch has downgraded the Insurer Financial Strength Rating (IFS) of Euroins Romania to CC from B+ and placed it on Rating Watch Evolving (RWE).



13:14 The Polytechnic University of Timisoara (UPT) promotes green cultural heritage in Timisoara’s parks. As part of the initiative “Park culture in cities – parks of culture,” UPT is collaborating with the Norwegian Institute of Bioeconomy Research (NIBIO) and the Norwegian University of Science and Technology (NTNU). Timisoara is the European Capital of Culture 2023.



EUR 4.9479GBP 5.6287
USD 4.5594CHF 4.9695
BGN 2.5298MDL 0.2475
(Source: National Bank of Romania BNR)


Deposit facility:6%
Policy rate:7%
Lending facility:8%


15.52% (Feb. 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)


BET -0.70%, BET-TR -0.70%, BET-FI -0.52%, BET-NG -0.96%, BET-XT -0.58%,
BETXT-TR –0.58%, BET-BK -0.04%, RO-TX 0.01%, BETAeRO 0.00%


Bucharest stocks traded in the red on Wednesday, bucking the trend across Europe where markets closed higher after top U.S. regulators expressed confidence that banks were solvent, blaming the recent collapse of Silicon Valley Bank on mismanagement, rather than systemic risks.
(Graph source: BVB)

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