ECONOMY & COMPANIES
–Romania’s industrial production decreased by 7.1% in unadjusted data in April y-o-y due to drops reported for the manufacturing industry (-8%) and for the electricity, gas, steam and air conditioning production and supply (-4.1%), the National Institute of Statistics data showed.
–Over 34% of the Romanians were last year at risk of poverty and social exclusion, being by far the highest share registered in the member states of the EU in 2022, according to Eurostat.
–The economic outlook remains closely linked to inflation trends and to the response of central banks, and forecasts are subject to a number of downside risks, including the supply of energy and credit, according to Coface Country And Sector Risk Barometer.
–CNAIR, the Romanian public company that manages the national road infrastructure, submitted for validation to the public procurement agency ANAP the documents to organize the tender for the contract on elaborating the feasibility study for the modernization of the Transfagarasan road in the Carpathians.
–Flexible jobs are in top 3 of extrasalary benefits, after medical insurance and food vouchers, offered by employers and sought by employees and candidates, according to a Pluria survey conducted among 50 companies in Romania and Latin America.
–Undelucram.ro, the largest online community of employees in Romania, has closed a financing round of EUR1 million and the funds will be used for further expansion in Central and Eastern Europe (CEE), Asia and Africa.
–The average monthly pension increased by 12.6% in the first quarter of 2023 to 2,101 RON, y-o-y INS data showed.
|EUR 4.9586||GBP 5.7887|
|USD 4.5731||CHF 4.0714|
|BGN 2.5353||MDL 0.2574|
BNR INTEREST RATES
|10.6% (May 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET -0.03%, BET-TR -0.04%, BET-FI -0.37%, BET-NG -0.22%, BET-XT –0.07%,|
BETXT-TR –0.08%, BET-BK -0.04%, RO-TX -0.16%, BETAeRO 0.36%
CAPITAL MARKET COMMENTARY
|Bucharest stocks traded in the red on Thursday being on the same page as most bourses across Europe after the European Central Bank announced it is taking its main rate up by 25 basis points to 3.5%, diverging from a U.S. Federal Reserve decision to pause its own hikes on Wednesday.|