TODAY’S NEWS
ECONOMY & COMPANIES
-The net assets of the 93 Romanian open-end investment funds stood at RON17.8 billion (EUR3.6 billion) last month, up 1.9% since the beginning of the year, according to the local Association of Asset Managers (AAF).
–Private lending in Romania increased by nearly 9% in nominal terms (-2.2% in real terms) to RON369.9 billion in April y-o-y, as local currency lending grew by 1.6% (-8.6% in real terms) and foreign currency lending expressed in lei by 27.9% (+28.3% in real terms when expressed in euros), the National Bank of Romania data showed.
–The Bucharest Stock Exchange (BVB) announced that on May 30 will start trading the green Eurobonds issued by Banca Comercială Română (BCR), on the Main Market of the Bucharest Stock Exchange, worth EUR 700 mn.
–The transaction through which Greece’s PPC Group takes over Italian energy giant Enel’s assets in Romania remains on schedule to be completed in the third quarter of the year.
–Polish Private Equity fund Innova Capital takes over Netopia, the best known player in the Romanian online payments market.
–One in four companies in Romania is 100% owned by women, a survey conducted by Impact Hub and Bravva Angels for ING Bank Romania reveals.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9575 | GBP 5.7071 |
| USD 4.6194 | CHF 4.1137 |
| BGN 2.5348 | MDL 0.2601 |
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 0.87%, BET-TR 0.85%, BET-FI 0.13%, BET-NG 0.61%, BET-XT 0.80%, BETXT-TR 0.78%, BET-BK 0.70%, RO-TX 0.79%, BETAeRO 0.37% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks head into the weekend higher mirroring the uptrend across Europe as markets welcomed the latest breakthrough in the Congressional negotiations to raise the United States debt ceiling before the June deadline. The day was also marked by positive retail sales data from the United Kingdom. |
