TODAY’S NEWS
ECONOMY & COMPANIES
–A total of 17,998 companies were deregistered across Romania in the first quarter of 2023, down 0.49% y-o-y, statistics from the National Trade Register Office (ONRC) showed. At the same period under review, the number of newly established companies with foreign capital in the country increased by 10.3% to 1,809 units.
–Almost 60% of Romanian family business owners want to make sure that the business stays in the family in the long term, a PwC survey reveals.
–Romanian banking sector’s net profit hit a new record high of almost RON3.4 billion in the first quarter of 2023, up around 70% from the gain reported in the same period a year ago.
–The volume of construction works in Romania increased up by 12.7% in the first three months of 2023, y-o-y, the National Institute of Statistics (INS) data showed.
–Bucharest-listed OMV Petrom, the largest integrated energy Company in Southern and Eastern Europe has signed a funding contract via the National Recovery and Resilience Plan (NRRP) to build a hydrogen production facility by water electrolysis at the Petrobrazi refinery.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9780 | GBP 5.7251 |
| USD 4.6012 | CHF 4.1396 |
| BGN 2.5452 | MDL 0.2605 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 11.2% (April 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.10%, BET-TR -0.08%, BET-FI -0.02%, BET-NG 0.56%, BET-XT –0.06%, BETXT-TR –0.04%, BET-BK -0.01%, RO-TX -0.04%, BETAeRO 0.01% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks kicked off the new trading week in the red as rest of Europe’s markers were choppy, with investors keeping an eye on debt ceiling talks in the United States and the results of the Greek election. |
