18:45 Romania’s Prime minister Nicolae Ciuca met, on Monday, at the Victoria Palace of Government, with the executive director of the International Monetary Fund, Paul Hilbers, with the evolution of Romania’s economy in the context of the crises and challenges of the recent years being analysed during the discussions, Agerpres reported.
11:21 Romania’s Agriculture and Rural Development Minister Petre Daea will participate on Monday in the meeting of the Agriculture and Fisheries Council, which takes place in Brussels, according to the Agriculture and Rural Development Ministry (MADR).
10:01 Romania’s President Klaus Iohannis sent congratulations via Twitter to the newly elected president of the Czech Republic, Petr Pavel, as he wished for the further strengthening of relations between the two states.
09:28 MEP Dacian Ciolos said in a social media post on Sunday that the Romanian government should have a “clear diplomatic offensive plan” to put the subject of Romania’s and Bulgaria’s accession to the Schengen area back on the EU agenda and put pressure on Austria and the Netherlands in this regard.
18:25 Freight traffic registered in Romanian seaports in 2022 reached over 75 million tons, the highest value in the history of seaports in the country, according to the National Company Maritime Ports Administration (CNAPM).
18:17 Romania’s budget deficit for 2022 stands at 5.68% of GDP, below authorities’ target, according to the Ministry of Finance.
11:50 Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, stood at 7.20% a year on Monday (Jan. 30).
11:33 The government will borrow on Monday by reopening two euro bond issues maturing in September 2026 and September 2029.
10:02 The decrease in the appetite for lending, a trend that started since last year, the inflation that drives customers away from savings products are among the key factors that suggest that 2023 will not be a good year for banks, from a profit perspective, Gyula Fater, CEO of OTP Romania told Economica. net.
COMPANIES & BUSINESS
13:19 Twelve funding programs worth almost EUR5 billion are available to companies and local public authorities in Romania in H1 2023, according to an analysis by REI, a group of companies specialized in attracting European funds and state aid.
11:07 Investments in Romanian startups have registered a twelvefold increase in the past six years, to EUR101.1 million, with Romania thus ranking fifth in Central and Eastern Europe by investments raised by startups, after Estonia, Czechia, Croatia and Poland, according to the third edition of the Romanian Venture Report created by How to Web jointly with KPMG Romania and KPMG Legal.
11:01 Romania’s state-owned Nuclear power producer Nuclearelectrica placed with local import-export lender Eximbank a term deposit without extension in the amount of RON105.06 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Jan 26, 2023.
10:48 In 2022, Romanian consumers made fewer impulse purchases, according to an analysis by Limitless Agency, one of the largest digital marketing agencies.
11:44 As many as 65,000 people, including 6,600 Ukrainian nationals, entered Romania on Sunday (Jan. 29), according to the General Border Police Inspectorate (IGPF).
|EUR 4.9030||GBP 5.5798|
|USD 4.4936||CHF 4.8925|
|BGN 2.5068||MDL 0.2401|
BNR INTEREST RATES
|16.37% (Dec. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -0.51%, BET-TR -0.51%, BET-FI -0.46%, BET-NG -0.41%, BET-XT –0.49%,|
BETXT-TR –0.49%, BET-BK -0.51%, RO-TX -0.50%, BETAeRO -0.04%
CAPITAL MARKET COMMENTARY
|Bucharest stocks were a sea of red on Monday mirroring the trend across Europe where markets closed lower as investors focused on the next U.S. Federal Reserve meeting that begins Tuesday. Official data showed earlier today that the German economy, the Eurozone’s largest, unexpectedly fell in the fourth quarter, creating uncertainty going into 2023.|
To get in touch with our editorial team, send a press release,
email us at: editorial [at] buildpress.com.ro
To advertise on our platforms, you can use this form,
email us at: advertise [at] buildpress.com.ro
or call us at: +40 314 228 321 (Monday-Friday 10:30 – 16:30)
Visit our other websites:
• www.traveltogreece.com.ro (Coming soon)