ECONOMY
-Romania’s industrial sales (on the domestic and external markets) increased by 2.5% in nominal terms in October m-o-m and by 3.1% on an annual basis, data from the National Institute of Statistics (INS) showed.
-The 2024 state budget and the state social insurance budget for 2024 draft laws were approved by the government on the Thursday evening sitting, despite a negative opinion issued by the Fiscal Council on a preliminary draft, Agerpres reported.
-Bucharest’s unemployment rate fell to 0.88% last month, the equivalent of 11,087 people who did not have a job, of which 6,597 are women, data published by the Bucharest National Employment Agency (AMOFM) showed.
-The ability of the Romanians to pay their installments at the banks registered a slight deterioration, according to the Stability Report, published by the National Bank of Romania (BNR).
COMPANIES
Three out of five companies in Romania, from micro-enterprises to large ones, will undergo a sizable business restructuring process in 2024 amid fiscal challenges and rising economic uncertainties, according to the findings of a Sierra Quadrant survey.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9676 | GBP 5.7635 |
| USD 4.5508 | CHF 5.2395 |
| BGN 2.5399 | MDL 0.2545 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.41%, BET-TR 0.41%, BET-FI -0.20%, BET-NG -0.31%, BET-XT 0.27%, BETXT-TR 0.27%, BET-BK -0.14%, RO-TX 0.33%, BETAeRO 0.40% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks turned in a mixed performance on Monday with the becnhmark BET index recording an increase of 0.41%. Rest of Europe’s stock markets closed mostly lower with investors trying to assess the possible interest rate moves by major central banks. |
