TODAY’S NEWS
ECONOMY & COMPANIES
–Private lending in Romania increased by nearly 7.9% to RON372.3 billion in May y-o-y, as local currency lending was almost flat, increasing by merely 0.2% while foreign currency lending increased by 28.2%, the National Bank of Romania data showed.
–The insurance market reached a volume of gross written premiums of RON4.74 billion in the first quarter of 2023, up 2% y-o-y, according to a report by the Financial Supervisory Authority.
–Romania’s Finance Ministry raised RON942.5 million from banks on Monday (June 26), selling government paper in two auctions, at an annual average yield of 6.49% and 6.66%, the National Bank of Romania (BNR) data showed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9630 | GBP 5.7686 |
| USD 4.5361 | CHF 4.0687 |
| BGN 2.5376 | MDL 0.2507 |
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 1.11%, BET-TR 1.24%, BET-FI 0.45%, BET-NG 0.83%, BET-XT 1.00%, BETXT-TR 1.14%, BET-BK 1.02%, RO-TX 1.28%, BETAeRO 0.49% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed higher on Tuesday in line with rest of Europe with investors weighing comments from central bank officials. |
