ECONOMY
-Romania is still the country with the lowest prices in the European Union, according to Eurostat, especially when it comes to food, despite the fact that we have gone through high inflation, Competition Council President Bogdan Chiritoiu told the “Competition in key sectors 2024” conference on Wednesday.
-In January-July 2024, direct investments in Romania decreased by 21.3% Agerpres reported citing the head of the Council of Foreign Investors.
-The Fiscal Code underwent 78 changes in the first 9 months of this year, and from here you can draw your own conclusions about how quickly an entrepreneur can adapt, the president of the National Confederation of Women’s Entrepreneurship (CONAF), Cristina Chiriac told the “Competition in key sectors 2024” conference on Wednesday.
FINANCE
-Raiffeisen Bank Romania, the sixth largest lender in the country by assets, reported RON1.26B profit for January-September 2024, slightly down from the RON1.3 billion reported in the same period a year earlier.
COMPANIES
-A recent study by the Employers’ Association of the Software and Service Industry (ANIS), analyzing the state of IT&C in Romania, reveals that the number of IT employees in the country dropped by more than 10,000 in 2023.
HOSPITALITY
-Bucharest’s Corinthia hotel will open in the first quarter of 2025, Simon Casson, Corinthia Group CEO, told Ziarul Financiar. Founded six decades ago in Malta by the Pisani family, Corinthia Hotels has evolved into a globally renowned luxury brand with properties in some of the world’s most prestigious destinations.
-Avram Iancu Cluj International Airport has expanded of its destination network for the 2024 winter season with two new international routes. Starting in October, passengers will be able to travel directly to Lisbon and Stuttgart, thanks to the new flights operated for the first time by the airline Wizz Air.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9746 | GBP 5.9572 |
| USD 4.5914 | CHF 5.2958 |
| BGN 2.5434 | MDL 0.2568 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET % -0.24, BET-TR -0.24%, BET-FI -0.58%, BET-NG -0.08%, BET-EF -0.17%, BET-XT -0.27%, BET-BK -0.39%, BETAeRO 0.73%, RO-TX -0.22% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the red on Wednesday in line with rest of Europe where investors assessed a fresh batch of corporate earnings, regional growth data and Britain’s government budget. The value of BVB’s transactions stood at 30.41 million RON (6.11 million euros). The most liquid shares were those of Transilvania Bank, followed by the shares of OMV Petrom and Hidroelectrica. |
