TODAY’S NEWS
ECONOMY & COMPANIES
–In the first quarter of 2023, the employment rate for the working age population (15-64 years) was 62.9%, increasing as against the one recorded during the previous quarter, the National Statistics Institute (INS) data showed. The unemployment rate in the first quarter of 2023 was 5.8%, equal to that recorded in the fourth quarter of 2022.
–Tourists in Romania in spent RON2,632 (EUR 531) per person on average in the first three months of 2023, according to INS.
–Romania’s total exports of tobacco products such as cigarettes and heated tobacco product refills stood at EUR1.48 billion in 2022, an increase of EUR140 million on 2021, INS data showed.
–National gas transmission company Transgaz signed the order to begin work on the Tuzla-Podisor gas pipeline, a EUR 500 million project aimed to bring natural gas from offshore Black Sea perimeters to the BRUA corridor, the company said in a report to the Bucharest Stock Exchange on Friday (June 16).
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9596 | GBP 5.8208 |
| USD 4.5426 | CHF 4.0678 |
| BGN 2.5358 | MDL 0.2528 |
(Source: National Bank of Romania BNR)
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 10.6% (May 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.68%, BET-TR 0.68%, BET-FI 0.52%, BET-NG 0.45%, BET-XT 0.58%, BETXT-TR 0.58%, BET-BK 0.48%, RO-TX 0.91%, BETAeRO 0.38% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks kicked off the new trading week in the green bucking the trend across Europe as investors weighed the likely impact of monetary tightening and looked ahead to the Bank of England’s monetary policy and Federal Reserve Chair Jerome Powell’s congressional testimonies. |
