Romania Market News – 04/10/23

TODAY’S NEWS

ECONOMY

-Romania’s financial sector attracted net foreign direct investment (FDI) flow of EUR1.6 billion in 2022, half the 2021 level, the National Bank of Romania (BNR) data showed.

-Romania’s industrial production prices for the total (domestic market and non–domestic market) dropped 3.3% in August 2023 y-o-y, data from Romania’s National Statistics Institute (INS) showed.

-Romania’s foreign exchange reserves stood at EUR59.23 billion last month, higher by EUR5.3 billion compared to August 2023, according to BNR data.

-In 2022, Romanians spent RON11.7 billion (EUR2.4 billion) in casinos, gambling halls, with the sum being a record high one, around 15% higher than in 2022, Ziarul Financiar reported.

-New car registrations in Romania went up by 15.46% to 110,011 units in January-September 2023 y-o-y, but decreased by 11.59% to 10,545 units in September 2023, according to the Romanian carmakers’ association (ACAROM).

COMPANIES

-Total assets of insurance companies in Romania stood at RON26.3 billion at the end of the first quarter of 2023, up 2.5% on an annual basis, while debts stagnated at RON19.4 billion, up just 0.1% y-o-y, data from the country’s Financial Supervisory Authority (ASF) showed.

-September saw more than one million applications on the local labor market, the highest level since the start of the year, but also up 10% y-o-y, an analysis by eJobs, Romania’s largest online recruitment platform, reveals.

-Bucharest-listed state-owned Hidroelectrica said in a stock market report that Petre Iulian Nicolescu was appointed Chairman of the Supervisory Board on October 2.

-The Bucharest Stock Exchange is investing in the students’ future by renovating the 2101 Amphitheater in the Virgil Madgearu building at the Bucharest University of Economic Studies.

TODAY’S MARKET

EXCHANGE RATES

(Source: National Bank of Romania BNR)

BUCHAREST STOCK EXCHANGE (BVB) INDICES

CAPITAL MARKET COMMENTARY