ECONOMY
-September 2023 unemployment rate is estimated at 5.4%, National Statistics Institute INS data showed.
-Industrial production prices decreased by 0.4% in September y-o-y, as prices on the domestic market fell 1%, while prices on the non-domestic market inched up by 0.9%, INS data showed.
-Banks granted more than RON410 billion new loans to consumers and companies between January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Romanian Banking Association (ARB) reveals.
COMPANIES
-Romanians searching for a job sent 1.1 million CVs to employers in October, up 15% compared to September 2023, according to an analysis carried out by online recruitment platform BestJobs.
-Swiss media group Ringier announced the last print issue of its Romanian sports daily Gazeta Sporturilor (GSP) was published on November 1, 2023. The daily was close to 100 years of activity.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9701 | GBP 5.7072 |
| USD 4.6698 | CHF 5.1613 |
| BGN 2.5411 | MDL 0.2578 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 1.06%, BET-TR 1.07%, BET-FI 1.26%, BET-NG 1.10%, BET-XT 0.89%, BETXT-TR 0.91%, BET-BK 0.98%, RO-TX 1.44%, BETAeRO 0.44% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on the last trading day of the week as rest of Europe closed cautiously higher, powered by a series of solid earnings and a perceived dovish tilt from central banks. As the U.S. Federal Reserve left interest rates unchanged for the third time in the past four meetings, there is optimism that the central bank is done raising interest rates. The Bank of England also left its bank rate unchanged. |
