ECONOMY
-Compared to August 2024, in September 2024 the retail turnover volume (excluding the trade
with motor vehicles and motorcycles) decreased as gross series by 2.7% and increased as adjusted
series according to the number of working days and to seasonality by 0.9%, the National Institute of Statistics (INS) data showed.
-Romanians looking for a job sent 1.1 million CVs to employers last month and on average, they applied to nine positions each, an analysis conucted by local online recruitment platform BestJobs revealed.
-In 2023, the average annual full-time adjusted salary for employees in the EU was €37 900, reflecting a 6.5% increase from €35 600 in 2022. The lowest average annual full time adjusted salaries were recorded in Bulgaria (€13 500), Hungary (€16 900) Greece (€17 000) and Romania, Eurostat data showed.
FINANCE
-Bucharest Stock Exchange in the January-September 2024 period registered standalone operating revenues worth RON30 million, down 18% on an annual basis and RON11 million net profit (-39%).
-InterCapital Asset Management, Croatia’s leading independent asset manager with 500 million euros in assets under management, intends to launch new ETF on the Bucharest Stock Exchange offering exposure to the Slovenian stock market.
-MAIB, the largest national bank in Moldova, which plans to list its shares on the Bucharest Exchange (BVB), reported MDL 1.1 billion (EUR 56.9 million) net profit in January-September 2024.
COMPANIES
-Six of the ten largest builders in Romania forecast turnover growth in 2024, particularly supported by public works, while 20% see stagnation and 20% a decline, an IBC Focus survey reveals.
-OMV Petrom, the largest integrated energy producer in Southeast Europe, and TAROM, Romania’s national airline, announced the signing of a contract for the supply of sustainable aviation fuel (SAF), a first for Romanian aviation.
REAL ESTATE
-New retail project deliveries are likely to cross the 200,000-sqm threshold in 2024, close to the level of 2023, when developers built 213,000 square meters of new retail spaces, a seven-year high, Cushman & Wakefield Echinox data showed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9757 | GBP 5.9700 |
| USD 4.6271 | CHF 5.2779 |
| BGN 2.5440 | MDL 0.2599 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET % 0.38, BET-TR 0.38%, BET-FI -0.03%, BET-NG 0.36%, BET-EF 0.32%, BET-XT 0.33%, BET-BK 0.52%, BET AeRO 0.45%, RO TX 0.33% |
CAPITAL MARKET COMMENTARY
| The Bucharest Stock Exchange closed Thursday’s trading session with gains across all indices but one. The total equity turnover of the BVB stood at 165.11 million lei. Blue-chip One United Properties led the gainers, as the developer’s shares gained 3.59%, closing at 0.4765 lei. |
