TODAY’S NEWS
ECONOMY & COMPANIES
-Romania’s telecom services market decreased by 1% to RON16.9 billion in 2022, data aggregated by market regulator ANCOM showed.
–Bucharest office developers are readying six new buildings by 2025, Ziarul Financiar reported.
–Romania continues to rank 14th in the European Union by the number of new passenger cars registered in January-April 2023, with 46,831 units, up 25% y-o-y, data from the European Automobile Manufacturers Association (ACEA) showed.
–The number of companies with foreign capital newly established in Romania increased by 10.3% in the first quarter of 2023 y-o-y, to 1,809 units, Romania’s Trade Register Office data showed.
–Over half (52%) of employees in the country said they prefer online meetings to be replaced with in-person meetings while 40.3% of the respondents prefer to attend online meetings from the office, a survey by Genesis Property revealed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9731 | GBP 5.7169 |
| USD 4.5975 | CHF 4.1061 |
| BGN 2.5427 | MDL 0.2589 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 11.2% (April 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.10%, BET-TR 0.11%, BET-FI 0.24%, BET-NG 0.33%, BET-XT 0.13%, BETXT-TR 0.14%, BET-BK 0.22%, RO-TX 0.34%, BETAeRO 0.60% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on Thursday mirroring the uptrend across Europe as investors apparently remained encouraged by the Eurozone’s latest updates on gross domestic product (GDP) and inflation. |
