TODAY’S NEWS
ECONOMY
-S&P rating agency affirmed Romania’s rating at BBB-/A3 for long-term and short-term government debt in foreign currency, as well as a stable outlook, the Ministry of Finance (MF) said on Saturday (Oct.14).
– Only 11% of Romanians could financially cope with the costs of repairing or replacing goods affected by a potential climate-related disaster that would affect their home, a new survey conducted by IRES for the National Association of Insurance and Reinsurance Companies in Romania (UNSAR) reveals.
-More than a third of Romanians (34.3%) want to take out a loan in the coming months, of which almost 62% want a personal loan, a tbi bank survey among 1,057 respondents across the country showed.
-Employees in the IT sector are considering looking for new jobs in order to mitigate the financial impact of the government’s latest tax measures, according to a survey by online recruitment platform Bestjobs.
-The gross inflows of foreign direct investments (FDI) to Romania decreased by 16% to EUR 7.7 billion in August 2023 on an annual basis, data released by the National Bank of Romania (BNR) showed.
COMPANIES
-The number of companies that suspended their activity in January-August 2023 was 10,139, up 5.64% y-o-y data published by the National Trade Register Office (ONRC) showed.
ENERGY
Romania’s primary energy sources dropped 1.2% in the first eight months of 2023, while the final energy consumption in the economy fell 5.4%, the National Institute of Statistics (INS) data showed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9654 | GBP 5.7268 |
| USD 4.7123 | CHF 5.2221 |
| BGN 2.5387 | MDL 0.2609 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.60%, BET-TR -0.58%, BET-FI -0.18%, BET-NG -0.05%, BET-XT -0.49%, BETXT-TR –0.48%, BET-BK -0.53%, RO-TX -0.19%, BETAeRO –0.58% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed lower on Monday as investors assess the turmoil in the Middle East. |
