TODAY’S NEWS
ECONOMY
-The national unemployment rate in March stood at 3.02%, according to the National Employment Agency.
-Romania’s capital market increased by 3.8% in the first quarter of 2023, taking into account the BET-TR index, but this development took place against the backdrop of decreasing liquidity. Seven listings took place for a total of EUR 428 million: there were 6 bond issues that totaled EUR 427 million and one equity issue of almost EUR 1 million.
-London-based European Bank for Reconstruction and Development (EBRD) has invested 90 million euro in Romania’s largest lender Banca Transilvania first international bond issue.
-Romanian exports to the Republic of Moldova stood at 2.1 billion euros in 2022, up 61% compared y-o-y, Leonardo Badea, deputy governor of the National Bank of Romania (BNR), said.
-Freight traffic through the port of Constanta was 10% up in Q1 2023 to more than 19 million tons, compared to 17.44 million tons in the same period in 2022, which was a record-setting year for Romania’s maritime hub and gateway, according to the Constanta National Seaport Administration Corporation (CNAPM).
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9340 | GBP 5.5777 |
| USD 4.4704 | CHF 4.0447 |
| BGN 2.5227 | MDL 0.2495 |
(Source: National Bank of Romania BNR)
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 14.53% (March 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.10%, BET-TR 0.10%, BET-FI 0.44%, BET-NG 0.21%, BET-XT 0.12%, BETXT-TR 0.12%, BET-BK -0.06%, RO-TX -0.29%, BETAeRO -0.62% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded in the green on Tuesday bucking the trend across Europe where major stock exchanges traded mostly lower as Swiss banking group UBS saw its first-quarter net profit and operating profit slump around 50% on an annual level. |
(Graph source: BVB)
