ECONOMY & COMPANIES
-Industrial production prices index increased by 13.6% in March y-o-y, the National Statistics Institute (INS) data showed.
–Romania’s seasonally adjusted unemployment edged lower to 5.4% in March, from 5.5% in the previous month, but the youth jobless rate stays significantly high, at 22.2%, the National Institute of Statistics (INS) data showed.
–The Finance Ministry is planning to raise almost 5.8 billion RON this month, Agerpres reported on Wednesday (May 3).
–Employees in Romania’s IT industry are hesitant about changing their current job (almost one in three is not considering leaving their present job and working for another company), they want a pay rise to keep pace with inflation (over 20% of the current salary), a flexible schedule and fringe benefits, Ziarul Financiar reported.
–Energy giant OMV Petrom will pay only EUR 300 million instead of perhaps EUR 1 billion, while Black Sea Oil and Gas will be entirely waived the solidarity contribution after the Romanian lawmakers amended the draft law following the request of President Klaus Iohannis, Economica.net reported.
–New car registrations in Romania grew by 16.48% to a total 9,865 units in April y-o-y, according to data from the association of automotive manufacturers in Romania (ACAROM).
|EUR 4.9290||GBP 5.6069|
|USD 4.4989||CHF 4.0033|
|BGN 2.5201||MDL 0.2498|
BNR INTEREST RATES
|14.53% (March 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -0.41%, BET-TR -0.41%, BET-FI -0.33%, BET-NG -0.67%, BET-XT –0.45%,|
BETXT-TR –0.45%, BET-BK -0.50%, RO-TX -0.17%, BETAeRO -0.21%
CAPITAL MARKET COMMENTARY
|Bucharest stocks traded in the red on Wednesday bucking the trend across Europe where markets closed higher after data showed that eurozone’s unemployment rate contracted in comparison to the month before. Investors looked ahead to the European Central Bank’s policy announcement, due on Thursday.|