TODAY’S NEWS
ECONOMY & COMPANIES
-The total number of business insolvency proceedings in countries across Central and Eastern Europe (CEE) increased by 39.3% to 36,090 in 2022 from 25,917 in 2021, a Coface analysis reveals.
-Bucharest Stock Exchange’s shareholders have approved a proposal of the Board of Directors to distribute RON10.4 million as dividends from the 2022 net profit.
-The Ministry of Finance borrowed, on Thursday (April 27), 1.687 billion RON from the commercial banks, through two issues of benchmark state bonds, data published by the National Bank of Romania (BNR) showed.
-Local taxes and fees will go up by 13.8% from 2023 in Bucharest, based on the inflation rate, according to a draft decision adopted at the meeting of the General Council of the Municipality of Bucharest (CGMB) on Thursday, Agerpres reported.
-Loans to non-government sector granted by credit institutions increased by 1.3% in March m-o-m to RON 370,493.5 million, according to BNR.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9439 | GBP 5.5775 |
| USD 4.4794 | CHF 4.0128 |
| BGN 2.5278 | MDL 0.2484 |
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 -0.50%, BET-TR -0.50%, BET-FI 0.29%, BET-NG -0.53%, BET-XT –0.36%, BETXT-TR –0.36%, BET-BK -0.12%, RO-TX -0.27%, BETAeRO -0.50% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed lower on Thursday as rest of European markets traded mixed amid the earnings season. Of note, the Bucharest Municipality bonds enter trading on the Main Market of the Bucharest Stock Exchange on April 28. |
