ECONOMY
-Romania’s e-commerce market hit EUR10 billion in 2023, of which 65% represents goods and products and 35% online services, according to Elena Gheorghe, country manager at PayU GPO Romania, a major online payment services provider locally.
-Over 92.5 million tons of freight went through Romanian seaports in 2023, up 22.5% on an annual basis, according to officials of the Maritime Ports Administration Constanta.
-Uncertainties arising from the recent fiscal measures adopted by the authorities have adversely affected the confidence of the business environment, according to Ramona Jurubita, KPMG Romania Country Managing Partner.
-The number of employees in Bucharest stood at 1,079,285 people in October 2023, up 1.98% on an annual basis, data by the National Institute of Statistics (INS) showed.
-Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors due to impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9723 | GBP 5.7780 |
| USD 4.5351 | CHF 5.3251 |
| BGN 2.5423 | MDL 0.2561 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.32%, BET-TR 0.32%, BET-FI 0.40%, BET-NG 0.12%, BET-XT 0.35%, BETXT-TR 0.35%, BET-BK 0.57%, RO-TX 0.30%, BETAeRO 0.80% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks extended their gains on Thursday while rest of Europe closed lower after the annual inflation rate in the United States came in hotter than expected, thus adding to concerns about the already gloomy global economic outlook. |
