Romanian daily market news

Romania Market News – 17/10/23

ECONOMY

-Romania’s Finance Ministry raised RON999 million from banks on Monday (October 16) selling treasury bills maturing in 2024, at an annual average yield of 6.13%, the National Bank of Romania (BNR) data showed.

-The Romanian factoring market surpassed the EUR4 billion mark in H1 2023, up 10% y-o-y, according to the half-yearly research conducted by the Romanian Factoring Association (ARF).

-Romanians spent EUR2.5 billion on foreign trips this summer, up 19% from last summer, Ziarul Financiar calculations based on BNR data. The sum is double the one registered in the summer of 2019.

REAL ESTATE

Romania’s stock of modern industrial space stood at 6.91 million square meters in H1 2023, after the delivery of 223,000 square meters since the start of the year, data from real estate consultancy CBRE showed.

TODAY’S MARKET

STOCK EXCHANGE (BVB) INDICES

BET -0.53%, BET-TR -0.55%, BET-FI -0.65%, BET-NG -0.51%, BET-XT -0.54%,
BETXT-TR –0.56%, BET-BK -0.26%, RO-TX -0.54%, BETAeRO –0.67%

CAPITAL MARKET COMMENTARY

Bucharest stocks closed in the red on Tuesday as data showing a bigger than expected increase in U.S. retail sales in the month of September raised concerns that the Federal Reserve will keep interest rates higher for longer.
(Source: BVB)