ECONOMY & COMPANIES
-Cluj-Napoca, a city in northwestern Romania, remained the most expensive city in terms of apartment prices, as asking prices of residential properties rose slightly in the first quarter, by 0.3% on the previous quarter and 1.7% y-o-y, according to real estate classifieds website imobiliare.ro.
–Banks should be concerned that green loans don’t become non-performing, National Bank of Romania (BNR) chief economist Valentin Lazea told the “Romania – Banking & Business” conference organized by Oxygen Events.
–Romania could eliminate the ceiling of 9.4% of the Gross Domestic Product (GDP) for pensions, “following a correct reform of pensions,” the Minister of Labour and Social Protection, Marius Budai, told Agerpres.
–Prime Minister Nicolae Ciuca stated that Romania has “already” agreed with the European Commission to approve investment projects worth 10 billion euros from the 2021-2027 Financial Framework.
|EUR 4.9783||GBP 5.7298|
|USD 4.6091||CHF 4.1083|
|BGN 2.5454||MDL 0.2594|
BNR INTEREST RATES
|11.2% (April 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.34%, BET-TR 0.35%, BET-FI 0.06%, BET-NG 0.46%, BET-XT 0.30%,|
BETXT-TR 0.31%, BET-BK 0.50%, RO-TX 0.63%, BETAeRO 0.00%
CAPITAL MARKET COMMENTARY
|Bucharest stocks head into the weekend higher in line with major European stock indices as European leaders attend the Group of Seven (G7) summit. The European Central Bank (ECB) said in its economic bulletin that the inflation outlook was too high.|