-Net investment in Romania’s economy stood at RON 70.051 billion in H1 2023, up 13.5% y-o-y, the National Institute of Statistics (INS) data showed.
-The Government approved on Friday (Sept. 8) a draft law for the ratification of the loan agreement between Romania and the International Bank for Reconstruction and Development, worth EUR 591.9 million.
-Fitch Ratings has affirmed Romania’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook.
-The country’s trade balance deficit was down 17% to EUR15.6 billion in the first 7 months of 2023, INS data showed.
-A total 32,077 housing units were put into use in Romania in the first half of this year, 494 fewer units than in the same period in 2022, according to INS data.
Minister of transport Sorin Grindeanu told News.ro that Romania should ask for compensation in the amount of 2% of GDP from Austria for not being accepted as a member of the Schengen area and compensations in the amount of EUR 2 billion from the European Commission for the degradation of the national transport system due to the flow of merchandise from Ukraine.
Hidroelectrica – the largest energy company in Romania – has launched the tender for the necessary studies for the 1,500 MW photovoltaic project in Dăbuleni-Sadova, Dolj county, to be developed on 2.200ha in the southern part of the country.
|EUR 4.9660||GBP 5.7987|
|USD 4.6290||CHF 5.1899|
|BGN 2.5390||MDL 0.2588|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 1.35%, BET-TR 1.35%, BET-FI 0.42%, BET-NG 0.83%, BET-XT 1.19%,|
BETXT-TR 1.19%, BET-BK 1.12%, RO-TX 1.53%, BETAeRO 0.53%
CAPITAL MARKET COMMENTARY
|Bucharest stocks traded in the green on Monday in line with rest of European markets despite the European Commission lowering its growth forecast and raising inflation expectations. Investors are gearing up for the European Central Bank’s next rate decision Thursday. The market is pricing in a roughly 40% chance the central bank will hike 25 basis points to 4.00%|