ECONOMY
-Romania’s real GDP growth is expected to slow to 2.2% this year due to high inflation limiting disposable income, restrictive financial conditions, and reduced external demand, before gradually accelerating during the forecast period, the European Commission forecasts, in its autumn economic report.
-The passenger car output of Romania’s two car plants, Dacia and Ford, increased by 14.48% in October on an annual basis, to a total of 49,230 units, data by the country’s carmakers association ACAROM showed.
CAPITAL MARKET
-Bucharest Stock Exchange (BVB) and the Romanian Association for Investor Relations (ARIR) launched the first Non-Fungible Token (NFT) on the Romanian capital market in the form of digital art.
-The shares of Antibiotice (ATB), the Romanian manufacturer of generic drugs, listed on the Bucharest Stock Exchange (BVB) for 26 years, will be included in the indices of the global index provider MSCI, starting with the 1st trading day of December at BVB. ATB will be included in the MSCI Frontier IMI and MSCI Romania IMI (Investable Market Indices) indices, in the Small Cap category. Romania thus consolidates its presence in these indices to 23 companies.
-CEC Bank, the largest state-run lender in Romania, has raised EUR162.6 million from investors through a tap of its February 2028 senior non-preferred MREL Eligible Notes issue from February 2023, Ziarul Financiar reported.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9711 | GBP 5.6865 |
| USD 4.5751 | CHF 5.1573 |
| BGN 2.5417 | MDL 0.2559 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.05%, BET-TR -0.05%, BET-FI 0.52%, BET-NG -0.24%, BET-XT 0.00%, BETXT-TR –0.01%, BET-BK 0.16%, RO-TX 0.24%, BETAeRO 0.41% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded mixed on the last trading day of the week as rest of Europe closed higher. Investors processed the most recent data on inflation in the Eurozone, which indicated a slowdown in October. |
