ECONOMY
-While the rest of Europe teeters on the edge of recession, Romania’s economy is proving to be a lot more robust, according to Valentin Tataru, chief economist for Romania at ING.
-Fitch Ratings has affirmed Romanian UniCredit Bank at ‘BBB’, with a Stable Outlook. It also confirmed outlooks for Romanian BCR and BRD at BBB+ with a Stable Outlook and affirmed Romanian Garanti Bank at ‘BB-‘ with a Stable Outlook.
-The European Investment Bank (EIB) Central, Eastern and South-Eastern Europe (CESEE) Bank Lending Survey for the second half of 2023 highlights a continued tightening of credit supply in the region.
-Almost half (46%) of Romanians do not save, and of those who do, 27% do not put money aside in an emergency fund, according to a new study on Romanians’ attitudes and habits in the financial field conducted by KRUK Romania and IRES.
-Roughly 73% of Romanians will not go on vacation at all this winter, a survey by CEC Bank in partnership with the banking comparator FinZoom reveals.
COMPANIES
The number of registrations of individuals and legal entities in Romania decreased in Jan-Oct 2023, year-over-year, by 5.9%, to 124,787, of which 81,246 limited liability companies (LLC), according to the Romanian Trade Register Office (ONRC) data.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9708 | GBP 5.7989 |
| USD 4.6131 | CHF 5.2443 |
| BGN 2.5415 | MDL 0.2601 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.30%, BET-TR 0.30%, BET-FI 0.58%, BET-NG 0.55%, BET-XT 0.31%, BETXT-TR 0.31%, BET-BK 0.37%, RO-TX 0.29%, BETAeRO 0.30% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks kicked off the new trading week in the green. Market participants will closely examine the interest rate decisions of the Federal Reserve, European Central Bank, and Bank of England throughout the week. |
