TODAY’S NEWS
POLITICS
12:32 The Government will regulate, through a decision, the data management and storage framework in the government cloud platform, so that by 2026 at least 30 institutions “migrate” to this cloud, Minister of Research, Innovation and Digital Transformation Sebastian Burduja stated.
12:27 Romanian Prime Minister Nicolae Ciuca stated in the beginning of the Government meeting on Tuesday that the Executive is to pass a draft law under which approximately 20 million EUR are ensured for the rehabilitation and modernization of some hospitals.
11:18 The Social Democrats consider that special pensions are “priority number one”, Chairman of the Social Democratic Party (PSD) Marcel Ciolacu said on Monday, emphasizing that a “constitutional form must be found together with the Justice Ministry” for this chapter to be closed for good in Romania, Agerpres reported.
ECONOMY
09:29 The net assets of the 240 domestic and foreign open-end and closed-end investment funds operating in Romania decreased by 1.3% in December 2022, to RON45.9 billion, and plunged by 14.4% since the beginning of 2022, according to data from the Association of Fund Administrators, or AAF.
COMPANIES & BUSINESS
10:14 BT Leasing and Tiriac Leasing, two companies operating on the Romanian leasing market, have merged into a single company, BT Leasing, with 25,000 customers, EUR500 million in portfolio, over RON2.8 billion in assets and some 250 employees, Ziarul Financiar reported.
10:11 The average value of properties transacted in Romania increased last year, reaching EUR25 million versus EUR17 million in 2021, Cushman & Wakefield Echinox data reveal.
09:59 44% of candidates reject the first job offer, an Arthur Hunt Romania study reveals.
09:19 M&A activity across Emerging Europe rose by 5.6% in volume to 1,229 deals compared to 2021, findings from the latest CMS Emerging Europe M&A showed.
SOCIAL
12:38 The population size in 39 out of Romania’s 42 counties decreased over the past ten years between two censuses, the National Institute of Statistics (INS) data showed.
10:19 A number of 61,349 people entered Romania through border points, of whom 7,205 were Ukrainian citizens, according to the General Inspectorate of the Border Police (IGPF).
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9221 | GBP 5.6028 |
| USD 4.5466 | CHF 4.8998 |
| BGN 2.5166 | MDL 0.2408 |
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 0.13%, BET-TR 0.13%, BET-FI 0.06%, BET-NG 0.65%, BET-XT 0.14%, BETXT-TR 0.14%, BET-BK 0.16%, RO-TX 0.34%, BETAeRO -0.45% |
CAPITAL MARKET COMMENTARY
| Bucharest stock closed in the green on Tuesday as Eurozone fourth-quarter economic growth figures came in higher than projected and the International Monetary Fund raised its global GDP forecast. Markets also have an eye on the U.S. Federal Reserve’s monetary policy decision Wednesday. Traders widely expect a 25 basis point increase. |
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