TODAY’S NEWS
ECONOMY & COMPANIES
–The non-performing loans rate climbed to 2.73% in March 2023, compared to 2.65% at the end of last year and 3.31% in March 2022, the National Bank of Romania (NBR) data showed.
–Job stability has become essential for most Romanians against the backdrop of economic uncertainty this year, prompting them to predominantly apply for jobs with disclosed salaries in advertisements or in fields that have proven resilient to crises, such as Sales, Accounting, Engineering, IT, and Production/Logistics, data from local online recruitment platform BestJobs reveal.
–The number of registrations of individuals and legal entities increased by 8.73% to 51,707, in the first four months of 2023, y-o-y, of which 33,498 limited liability companies (SRL), the National Trade Register Office (ONRC) data showed.
–The overall turnover of the top largest players in Romania modern retail, which have more than 4,000 stores together, for the first time neared the RON100 billion threshold in 2022 after an 18.5% increase vs 2021, Ziarul Financiar reported.
–Romania’s tax authority ANAF collected in January-May 2023 about RON 8.2 billion (EUR 1.6 billion) less than planned for the period, Profit.ro reported.
–Almost 2,200 companies and self-employed persons went insolvent over January – April 2023, up 1.29% y-o-y, at 2,199, ONRC data showed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9568 | GBP 5.7893 |
| USD 4.5990 | CHF 4.0915 |
| BGN 2.5343 | MDL 0.2582 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 11.2% (April 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.52%, BET-TR -0.52%, BET-FI -1.22%, BET-NG 0.26%, BET-XT –0.42%, BETXT-TR –0.42%, BET-BK -0.16%, RO-TX -0.47%, BETAeRO -0.19% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded lower on Monday bucking the trend across Europe. The monetary policy decisions of the US Federal Reserve and the Bank of Japan and European Central Bank (ECB), scheduled for release later this week, occupied investors’ attention. |
