TODAY’S NEWS
ECONOMY & COMPANIES
–Local lender Banca Transilvania expects an increase of 2.9% in private consumption this year and of 4.8% in 2024 and 2025, respectively, while it sees an average inflation rate of 9.3% in 2023, on the harmonized index of consumer prices (HICP), and of 4.4% next year, according to the bank’s chief economist Eugen Radulescu, quoted by Ziarul Financiar.
–Romania’s real estate investment market saw deals worth EUR120 million in Q1 2023, accounting for almost 10% in CEE-6 volume, according to a Colliers analysis.
–Hourly labor costs adjusted to the number of working days increased by 2.29% in Q1 2023 compared to the fourth quarter of 2022, the National Institute of Statistics (INS) data reveal.
–Romania’s total monthly average income stood at RON6.464 per household (RON2.575 per person), in nominal terms, in 2022, up 13.8% and 14.8%, respectively, y-o-y, INS data showed.
–As many as 2,062 companies with Egyptian capital, with a value of the total subscribed capital of $43 million, were registered as of April 30, in Romania, according to the Chamber of Commerce and Industry of Bucharest Municipality (CCIB).
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9543 | GBP 5.7545 |
| USD 4.6181 | CHF 4.0759 |
| BGN 2.5331 | MDL 0.2593 |
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 0.59%, BET-TR 0.57%, BET-FI -0.70%, BET-NG 0.25%, BET-XT 0.40%, BETXT-TR 0.56%, BET-BK 0.20%, RO-TX 0.55%, BETAeRO -0.74% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed higher on Thursday mirroring the uptrend across Europe after the newest report showed an annual rise of 1.0% in the Eurozone and the European Union’s gross domestic product (GDP). |
