ECONOMY
-Romania’s annual inflation rate eased for the ninth straight month to 6.72% in November 2023 from 8.07% in the previous month, below market forecasts of 7.3%. This was the lowest reading since September 2021.
-Net investments in Romania’s economy stood at RON118 billion in Jan-Sept 2023, up 14.4% on an annual basis, with new construction works accounting for 62.6% and purchases of machinery, including transport vehicles, for 29.3%, data from the National Institute of Statistics (INS) showed.
-The fast-moving consumer goods (FMCG) market shrank in volume in the first nine months of 2023. At the same time, retailers’ sales continued to increase in value, but solely because of prices went up by 15% to 23%, Ziarul Financiar reported.
-Romania’s Finance Ministry raised RON1.5 billion from banks on Monday (Dec. 11), selling government paper in two auctions, at annual average yields of 6.72% and 6.68%, respectively, the National Bank of Romania data showed.
COMPANIES
-Seven in 10 companies to offer Christmas benefits to employees in 2023, the latest survey conducted by eJobs & UP Romania revealed.
-Bucharest-listed OMV Petrom, the largest integrated energy company in Southeastern Europe, has signed new contracts for Neptun Deep Black Sea Project.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9740 | GBP 5.7757 |
| USD 4.6160 | CHF 5.2643 |
| BGN 2.5431 | MDL 0.2569 |
(Source: National Bank of Romania BNR)
