-On an annual basis, retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) grew 0.7% in unadjusted data and increased by 1.2% when adjusted for seasonality and number of working days, in July 2023, the National Institute of Statistics data showed.
-Romania’s Competition Council visited on Wednesday (Sept. 6) the premises of some commercial banks across the country in search of evidence of potential cartel-type agreements, Profit.ro reported.
-The Romanian GDP increased 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of 2022, INS data showed.
-The Ministry of Finance borrowed RON 550.5 million off banks in an issue of benchmark bonds of a residual maturity of 38 months and an average yield of 6.44% per annum, according to the National Bank of Romania (BNR).
Romania’s Senate has passed a bill to tighten regulations for street gambling and betting shops which will no longer operate in the centre of the cities and will be licensed in a number proportional to the population and will be limited to a number of 20 gambling seats per unit.
-The members of TechAngels, the largest network of angel investors in Romania, invested EUR1,013,000 in technology startups in the first half of 2023, which represents only a third of the investments carried out in the same period of 2022, Ziarul Financiar reported.
-AROBS Transilvania Software technology company announced that the Financial Supervisory Authority (ASF) has approved the prospectus for the admission to trading of AROBS shares on The Main Market of the Bucharest Stock Exchange.
|EUR 4.9632||GBP 5.7789|
|USD 4.6340||CHF 5.1946|
|BGN 2.5376||MDL 0.2584|
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 1.37%, BET-TR 1.37%, BET-FI 2.18%, BET-NG 0.46%, BET-XT 1.29%,|
BETXT-TR 1.29%, BET-BK 2.41%, RO-TX 0.79%, BETAeRO 0.21%
CAPITAL MARKET COMMENTARY
|Bucharest stocks extended their gains on Thursday as rest of Europe closed mixed after Eurostat reported that Eurozone GDP grew by 0.1 percent in the second quarter of 2023 compared to the previous quarter.|