TODAY’S NEWS
ECONOMY & COMPANIES
–Last year, Romania had the lowest price level for consumer goods among the EU Member States, with 42% below the EU average, being the least expensive country for food and non-alcoholic beverages, Eurostat data showed.
–Energy producer Hidroelectrica might pay dividends with 6.5%-7.8% yield from 2023 profit, according to calculations by Ziarul Financiar (ZF) daily which considered the price range included in the company’s initial public offering (IPO) prospectus.
–Expenditures on social protection, including administrative costs of social protection schemes, stood at 197.320 billion RON, up 4.4% y-o-y according to data of the National Institute of Statistics (INS).
–UniCredit analysts expect the economies in EU-CEE and the Western Balkans to increase by around 1.6% this year and 3.1% in 2024, with Romania outperforming, and Czech Republic and Hungary lagging, the Italian banking group said in its latest quarterly Central and Eastern European report.
–More than 50% of homeowners in Romania intend to purchase a photovoltaic (PV) system from an energy supplier sometime in 2023, which would translate into an increase of over 8% compared to 2021, a survey conducted by E.ON revealed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9634 | GBP 5.7822 |
| USD 4.5750 | CHF 4.0769 |
| BGN 2.5377 | MDL 0.2486 |
(Source: National Bank of Romania BNR)
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 10.6% (May 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.47%, BET-TR 0.47%, BET-FI 0.26%, BET-NG 0.44%, BET-XT 0.52%, BETXT-TR 0.53%, BET-BK 0.75%, RO-TX 0.56%, BETAeRO 0.16% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks kicked off the new trading week in the green bucking the trend across Europe where markets closed mostly lower after the latest manufacturing figures from the Eurozone, Germany and the United Kingdom showed that the activity in the sector remained contracted. |
