ECONOMY
-Romania saw an 86% increase in the number of FDI (foreign direct investment) projects last year, making it the fifteenth most attractive European investment destination, up seven places from the previous year, according to the 2023 edition of the annual report EY Romania Attractiveness Survey.
-Romania’s Finance Ministry raised RON1.16 billion from banks on Monday (Dec. 18) selling bonds with a nominal value of RON400 million due in April 2031, at an annual average yield of 6.46%, the National Bank of Romania data showed. It also launched a new edition of the TEZAUR Treasury bills (T-bills) program for the general population.
COMPANIES
-More than half (52%) of employees in Romania plan for a career change early next year, due to the need of a wage increase, while another 27% remain open to this possibility, but do not have a concrete plan, a new survey conducted by local online recruitment platform Bestjobs revealed.
-The market value of all 371 companies listed on the Bucharest Stock Exchange (BVB), both on the Regulated Market (RM) and on the Multilateral Trading System (MTS), exceeded at the end of the first 11 months of this year the level of RON 301 billion, the highest ever in its history.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9704 | GBP 5.7728 |
| USD 4.5433 | CHF 5.2450 |
| BGN 2.5413 | MDL 0.2568 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.38%, BET-TR 0.38%, BET-FI 0.19%, BET-NG 0.44%, BET-XT 0.35%, BETXT-TR 0.35%, BET-BK 0.28%, RO-TX 0.40%, BETAeRO 0.08% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed higher on Tuesday in line with rest of Europe after the annual inflation in the Eurozone was confirmed at 2.4% in November, falling further from October’s reading. |
