ECONOMY
-Construction production in Romania increased by 13.1% in the first nine months of 2023 when adjusted for seasonality, the National Institute of Statistics (INS) data showed.
-Cash, card at the POS and account-to-account transfer are the top 3 payment methods for Romanians, according to the Digital Payments Index, a report developed by Mastercard.
-2023 sees intense import and export activity for Romania’s agricultural firms, with a 30% increase in demand for transport services for field-specific goods, fertilizers, and agricultural machinery, according to DSV Road, part of the Danish DSV Group, the third largest transport company in Europe.
-The Romanian government approved on Thursday the establishment of Investment and Development Bank S.A.
-One in five Romanians was affected by poverty in 2022, and if pensions and other social transfers had not been paid, almost half of the population (45%) would have been below the relative poverty line, according to the National Institute of Statistics’ data.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9709 | GBP 5.6749 |
| USD 4.5496 | CHF 5.1493 |
| BGN 2.5416 | MDL 0.2562 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.21%, BET-TR -0.22%, BET-FI -0.19%, BET-NG -0.05%, BET-XT -0.18%, BETXT-TR –0.19%, BET-BK -0.32%, RO-TX -0.61%, BETAeRO 1.09% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks kicked off the new trading week in the red on Tuesday with investors looking ahead to speeches from top officials of a few central banks and the minutes from the U.S. Federal Reserve’s latest monetary policy meeting, for clues about future interest-rate moves. |
