ECONOMY
-The seven mandatory private pension funds in Romania (Pillar II) boast an annual average yield of 17.9% in 2023, the best annual performance in the entire history of the system and over 10% above the inflation rate estimated for 2023, Ziarul Financiar reported.
-Romania’s Competition watchdog said it was analyzing the transaction through which Italian lender Intesa Sanpaolo intends to acquire First Bank Romania from US-held private investment firm J.C. Flowers.
-In 2023, more than 1.1 million cars were registered in Romania up 3% on an annual basis, according to an analysis conducted by Autovit.ro.
-Romania to lower net Eurobond issuance in 2024 while it plans green bonds the treasury chief said on Friday quoted by Reuters.
-The total number of active cards was 21,078,127 units in June 2023, an increase of 442,781 cards, compared to the end of 2022, data centralized by the National Bank of Romania (BNR) showed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9720 | GBP 5.7747 |
| USD 4.5440 | CHF 5.3402 |
| BGN 2.5421 | MDL 0.2576 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.85%, BET-TR 0.84%, BET-FI -0.04%, BET-NG 1.14%, BET-XT 0.73%, BETXT-TR 0.73%, BET-BK 0.81%, RO-TX 0.85%, BETAeRO 0.17% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded higher on the first trading day of the week in line with rest of Europe where markets closed higher with investors looking ahead to the data on U.S. consumer price and producer price inflation for further clarity about the Federal Reserve’s interest rate path. |
