ECONOMY
-Romania’s Finance Ministry raised RON1.5 billion from banks on Thursday (February 8), via two bond issues, at annual average yields of 6.03% and 6.45%, respectively, the National Bank of Romania (BNR) data showed.
-In 2023, Raiffeisen Euro Obligatiuni, Goldman Sachs Romania RON Bond and FDI Globinvest were among the 10 best performing local open-end bond funds, delivering 9% to 15% yields for investors, the latest data from the Association of Fund Managers (AAF) reveal.
-The number of real estate deals in Romania exceeded 37,241 last month, 23,340 fewer than in December 2023, data from the national cadaster agency ANCPI showed.
COMPANIES
-Romania’s Competition Council has imposed RON123 million fines on four companies -SEROM (Samsung Electronics Romania and Bulgaria), Dante International (eMag), Altex Romania and Flanco Retail- for participating in an anti-competitive agreement on the market for the commercialization of TVs and mobile phones, between 2019-2021.
-Last year, the number of incorporations of natural and legal persons in Romania decreased by 3.78% to 147,026, of which almost 66%, or 96,839, are limited liability companies limited (SRL), the National Companies Registry Office (ONRC) data showed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9764 | GBP 5.8296 |
| USD 4.6195 | CHF 5.2893 |
| BGN 2.5444 | MDL 0.2592 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.03%, BET-TR -0.03%, BET-FI 0.48%, BET-NG -0.07%, BET-XT 0.00%, BETXT-TR 0.00%, BET-BK 0.01%, RO-TX -0.14%, BETAeRO 1.48% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed mixed on Thursday mirroring the trend across Europe with investors digesting a slew of earnings updates, and continuing to assess the likely move on world central banks with regard to interest rates. |
