ECONOMY & COMPANIES
–A new survey carried out by online recruiting platform eJobs Romania reveals that 86% of employees felt at least once during their professional career that their rights were violated by employers.
–The Finance Ministry raised RON2.6 billion from banks on Thursday (June 8), selling government paper maturing in 2038, at an annual average yield of 7.04%, the National Bank of Romania (BNR) data showed.
–Local lending institutions tightened lending standards for all loan categories in the first quarter of 2023 amid expectations about the overall economic situation, monetary or macroprudential policy decisions and the current or expected situation of bank capital, BNR’s quarterly survey reveals.
–Romania’s economy increased by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 on an annual basis, due primarily to commerce, IT&C, constructions and net taxes, while the industry had a negative contribution to the GDP evolution, provisional estimates from the National Institute of Statistics data showed.
|EUR 4.9560||GBP 5.7745|
|USD 4.6047||CHF 4.1085|
|BGN 2.5339||MDL 0.2588|
BNR INTEREST RATES
|11.2% (April 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.01%, BET-TR 0.00%, BET-FI -0.67%, BET-NG -0.36%, BET-XT –0.01%,|
BETXT-TR –0.02%, BET-BK 0.13%, RO-TX 0.03%, BETAeRO 0.18%
CAPITAL MARKET COMMENTARY
|Bucharest stocks headed into the weekend mixed as major European markets ended Friday’s trading session lower amid prolonged negative sentiment following yesterday’s news that the Eurozone’s economy entered recession at the start of the year.|