TODAY’S NEWS
ECONOMY & COMPANIES
-The current role of the CFO in Romania is more oriented on protecting and optimizing value (38%) than on growing value (24%), according to EY.
–One United Properties, the leading green real estate developer in Bucharest, has notified shareholders about the signing of an agreement to sell an asset, an office building of One North Gate SA, in which it owns 76.395%.
–Hungarian banking group OTP Bank has officially confirmed via an announcement by its management that OTP Bank Romania is up for sale, Ziarul Financiar reported citing market sources.
–American multinational e-commerce company eBay, has launched a campaign to draw the Romanian small and medium-sized enterprises to its marketplace, enabling them sell abroad this way.
–Romanian managers’ confidence in the economy is at the highest level in three years, despite uncertainties in the market, the eighth Confidex survey conducted by Impetum Group reveals.
–Seven out of ten Romanians go to the mall at least once a week, and of these three are women and four men who spend 10% more than women (302 RON compared to 275 RON), according to a study by Reveal Marketing Research.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9624 | GBP 5.7062 |
| USD 4.6046 | CHF 4.1030 |
| BGN 2.5372 | MDL 0.2597 |
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 -0.38%, BET-TR -0.33%, BET-FI 0.32%, BET-NG -0.36%, BET-XT –0.29%, BETXT-TR –0.29%, BET-BK -0.58%, RO-TX -0.92%, BETAeRO -0.40% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the red on Wednesday mirroring the trend across Europe where markets closed lower, with sentiment rattled by stumbling U.S. debt ceiling talks. American leaders continued to work on finding a bipartisan deal to stave off a government default but without an imminent solution on the horizon. |
