TODAY’S NEWS
ECONOMY & COMPANIES
–Arrivals at Romanian tourism accommodation establishments, including apartments and rooms for rent, increased by 19.9% in April to 894,300 while overnight stays grew 18.7% y-o-y, the National Institute of Statistics (INS) data showed.
–Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, stood at 6.55% a year on Tuesday (June 6), according to the National Bank of Romania (BNR).
–New car registrations in Romania increased by 27% to 60,472 units in January-May 2023, data from the association of automotive manufacturers in Romania (ACAROM) showed.
–Romania’s industrial production prices for the total (domestic market and non–domestic market) rose 11.6% in April y-o-y, according to the INS.
–Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) dropped by 1.6% in unadjusted data and by 1.5% when adjusted for seasonality and number of working days, in April y-o-y, INS data showed.
–Intesa Sanpaolo Romania, the local subsidiary of Italy’s banking group, posted EUR2 million net profit in the first quarter of 2023, according to a report of the parent group.
–The growth coefficient of the average net salary earnings on economy in March 2023 compared to January 1990 was 15,426.83 and 3,581.03 compared to February 1992, the National Institute of Statistics (INS) informed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9578 | GBP 5.7669 |
| USD 4.6350 | CHF 4.1130 |
| BGN 2.5349 | MDL 0.2600 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 11.2% (April 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.12%, BET-TR 0.11%, BET-FI 0.11%, BET-NG 0.22%, BET-XT 0.16%, BETXT-TR 0.15%, BET-BK 0.18%, RO-TX 0.22%, BETAeRO -0.59% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the green on Wednesday, bucking the trend across Europe as the World Bank said that it expects Romania’s economy to increase by 2.6% this year, keeping unchanged its previous forecasts made in January and April 2023. |
