TODAY’S NEWS
ECONOMY
-One in five Romanians is spending carefully, hunting for deals, and keeping track of their income and expenditure on a regular basis, in order to enjoy financial stability, a recent survey conducted by Ipsos for ING Bank showed.
-Interest in the local land market remained high in the first half of 2023, according to a report by Colliers regarding the evolution of the real estate market. The land market’s turnover stoof at around EUR250 million.
-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, continued to stagnate at 6.40% a year, the same as in the second half of August 2023, Ziarul Financiar reported.
COMPANIES
The number of registrations of individuals and legal entities doing business in Romania decreased in January-July of 2023 by 1.88%, y-o-y, to 88,433, of which 56,619 were limited liabilities, data centralized by the National Companies Registry Office (ONRC) showed.
POLITICS
-Romania’s President Klaus Iohannis said on Wednesday that Romania’s is Europe’s largest grain hub.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9643 | GBP 5.7906 |
| USD 4.6378 | CHF 5.2018 |
| BGN 2.5382 | MDL 0.2588 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 1.02%, BET-TR 1.02%, BET-FI 0.44%, BET-NG 0.76%, BET-XT 0.92%, BETXT-TR 0.92%, BET-BK 0.77%, RO-TX 0.63%, BETAeRO 0.65% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks head into the weekend higher in line with rest of Europe after traders seemed to gain confidence after analyzing the latest data on the region’s economic growth and the consumer prices in Germany which rose by 6.1% in August, as expected. |
