ECONOMY
-Romania’s trade balance posted a deficit of EUR25.5 billion in January-November 2023, down 17.6% on an annual basis, data from the National Institute of Statistics showed.
-The Romanian hotel market will ad seven new hotels under international brands this year, with around 650 rooms overall, Ziarul Financiar reported.
-Romania’s Finance Ministry raised RON1.5 billion from banks on Monday (Jan. 8), selling government paper in two auctions, at annual average yields of 6.5% and 6.03%, respectively, the National Bank of Romania data showed.
-Net investments in new construction works exceeded RON74.188 billion in January-September 2023, accounting for 62.6% of total investments in Romania’s economy, compared to 62% in the similar period of 2022, according to INS data.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9715 | GBP 5.7852 |
| USD 4.5460 | CHF 5.3431 |
| BGN 2.5419 | MDL 0.2580 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.92%, BET-TR 0.91%, BET-FI -0.39%, BET-NG 1.20%, BET-XT 0.76%, BETXT-TR 0.76%, BET-BK 0.54%, RO-TX 0.48%, BETAeRO 0.74% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the green on Tuesday extending gains bucking the trend across Europe where markets traded with losses at the close as worries about the future of the world economy seemingly affected investors’ mood. |
