TODAY’S NEWS
ECONOMY & COMPANIES
–The capital market in Romania increased in the first 5 months by 7.1% according to the BET-TR index, which also includes dividends. After 14 consecutive quarters of growth, a new high was reached in terms of the number of investors in the capital market: more than 140,000 investors. The total trading value with all types of financial instruments reached RON 7.5 billion, down from the first five months of last year, as investors are waiting for the listing of Hidroelectrica.
–Four out of five Romanians who will go on holiday abroad this year plan to pay there by card, smartphone, or smartwatch, according to the latest Visa CEE Travel and Payment Intentions Study 2023 covering eight markets in Central and Eastern Europe (CEE), including Romania.
–Romania’s Finance Ministry raised RON950 million from banks on Monday (June 19), selling government paper maturing in April 2030, at an annual average yield of 6.72%, the National Bank of Romania data showed.
–Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, produced 51,0125 vehicles last month, up 28.38% y-o-y, according to the country’s carmakers association ACAROM.
–Central and Eastern Europe, including Romania, is benefiting from the relocation of production activities from more far away countries, such as Asian ones, closer to consumers, particularly owing to the significantly lower costs compared to Western Europe, a report conducted by real estate consultancy Cushman & Wakefield reveals.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9631 | GBP 5.8024 |
| USD 4.5425 | CHF 4.0644 |
| BGN 2.5376 | MDL 0.2535 |
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 -0.60%, BET-TR -0.58%, BET-FI 0.16%, BET-NG -0.15%, BET-XT -0.45%, BETXT-TR –0.43%, BET-BK -0.52%, RO-TX -0.64%, BETAeRO –0.66% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in negative territory on Tuesday in line with rest of Europe after the reports on Germany’s producer prices and the Eurozone’s construction output both showed rises in their activity significantly lower than expected. |
