TODAY’S NEWS
ECONOMY & COMPANIES
–New car registrations in Romania increased by 26.9% year-over-year to 60.472 units in May 2023, placing the country 14th in the European Union (EU), according to data from the association of automotive manufacturers in Romania (ACAROM).
–Almost four out of ten employees in Romania have personally experienced or witnessed situations of discrimination in the workplace, especially because of political orientation, belonging to an ethnic group and an older age, a new survey revealed.
–BCR, controlled by Austria’s banking group Erste, Romania’s second largest bank by assets, Banca Transilvania and OTP Bank are Romania’s most digitalized banks, according to banking report FinnoScore, which analyzed 234 commercial banks of 24 countries of Europe and North America.
–As the European Investment Bank (EIB) celebrates its 30th anniversary in Romania, it announced on Thursday new funding for the country, worth EUR 675 million for transport, urban development and small businesses.
–OMV Petrom CEO Christina Verchere stated on Thursday that in 2027 the first quantities of gas would be extracted through the Neptun Deep project and that Romania would become the largest producer of natural gas in the European Union, Agerpres reported.
TODAY’S MARKET
EXCHANGE RATES
EUR 4.9636 | GBP 5.7683 |
USD 4.5120 | CHF 4.0461 |
BGN 2.5378 | MDL 0.2523 |
(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 -0.79%, BET-TR -0.79%, BET-FI 0.24%, BET-NG -0.46%, BET-XT -0.68%, BETXT-TR –0.68%, BET-BK -0.64%, RO-TX -0.65%, BETAeRO –0.49% |
CAPITAL MARKET COMMENTARY
Bucharest stocks closed in the red mirroring the trend across Europe as investors digested hawkish signals from US Federal Reserve and European Central Bank policymakers. |