ECONOMY & COMPANIES
–Financial analysts part of CFA Romania association see the Romanian leu declining to an average exchange rate of 5.0719 units per euro in the next 12 months, while they expect the anticipated rate of inflation to reach an average value of 7.73%, the lowest level since March 2022.
–Romanian executives for June-August 2023 estimate increasing activity in constructions and retail, in parallel with rising prices in the two fields, while headcount in industry and services will remain relatively flat, a survey by the National Institute of Statistics (INS) reveals.
–Romania‘s road freight transport market saw a slowdown in growth rate in H1 2023 y-o-y, amid a drop in volumes, which also triggered a stagnation in transport tariffs, an analysis by DSV Road, the third largest transport company in Europe, showed.
–There is a great demand for high-quality office spaces in Bucharest, which will keep the demand for development or refurbishment projects at a high level, according to a survey by real estate consulting firm CBRE.
|EUR 4.9583||GBP 5.7514|
|USD 4.5277||CHF 4.0561|
|BGN 2.5351||MDL 0.2488|
BNR INTEREST RATES
|10.6% (May 2023) BNR Target 2022: 2.50% (variation band: ± 1pp)|
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 1.60%, BET-TR 1.61%, BET-FI 0.33%, BET-NG 1.68%, BET-XT 1.47%,|
BETXT-TR 1.47%, BET-BK 1.37%, RO-TX 1.25%, BETAeRO 0.43%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed in the green on Wednesday mirroring the uptrend across Europe as the European Central Bank (ECB) Forum on Central Banking wrapped up, with ECB President Christine Lagarde reaffirming further rate hikes lie ahead.|