ECONOMY
-Romania’s seasonally adjusted unemployment rate was unchanged at 5.4% in November 2023, maintaining its lowest level since September 2021, data from the National Institute of Statistics (INS) showed.
-A total of 2,700 residential building permits were issued by authorities in November 2023, down 15.1% on an annual basis, according to INS.
-Only 34% of Romanians expect better living conditions this year, compared to 48% in 2023, a poll carried out by Reveal Marketing Research reveals.
-World Bank estimates Romania’s economy increased by only 1.8% in 2023 from 4.7% in 2022.
CAPITAL MARKET
Banca Comerciala Romana, Swiss Capital and BT Capital Partners, the three most active stockbrokers on the Bucharest Stock Exchange in 2023, brokered RON33.9 billion transactions and accounted for 68.4% of the market.
REAL ESTATE
The new year brings zero square meters of offices in large projects on a Bucharest market accustomed to at least 100,000-200,000 square meters, Ziarul Financiar reported.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9724 | GBP 5.7778 |
| USD 4.5418 | CHF 5.3298 |
| BGN 2.5423 | MDL 0.2564 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.46%, BET-TR 0.46%, BET-FI -0.11%, BET-NG 0.19%, BET-XT 0.36%, BETXT-TR 0.36%, BET-BK 0.67%, RO-TX 0.73%, BETAeRO 0.48% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed higher on Wednesday bucking the trend across Europe where worries about economic slowdown in the region turned the mood bearish. |
