-Financial analysts part of CFA Romania association see the Romanian currency falling to an average exchange rate of 5.0753 units/euro in the coming 12 months, while the average inflation rate is seen at 7.58%, up from 7.52% anticipated in July.
-The 2% tax charged on the banks’ turnover over a two-year period will bring 350 million RON to the budget, while the 0.5% additional tax on oil and natural gas companies will funnel another 600 million RON into the state coffers, Finance Minister Marcel Bolos said on Wednesday, Agerpres reported.
-The minimum statutory gross wage in Romania will increase by 10% under a bill to be endorsed by the Government on September 28, Prime Minister Marcel Ciolacu told Digi24.
-The pursuit of profit remains a central priority for most businesses and investors in Central and Eastern European (CEE) countries, the survey “Unlocking private capital for social good in Central & Eastern Europe” conducted by the Social Impact Alliance for Central & Eastern Europe reveals.
-Romania’s OMV Petrom, the largest integrated energy company in Southeast Europe, has signed a contract for the purchase of natural gas with the Turkish Petroleum Pipeline Corporation (BOTAŞ). The contract was signed for a period of 18 months, starting October 2023 and allows for the supply of up to 4 million cubic meters per day.
-Almost five in ten 10 Romanian employees, which is 48%, prefer flexible working hours, and 43% want more vacation days, according to a survey carried out by global flexible workspace provider Mindspace.
|EUR 4.9749||GBP 5.7597|
|USD 4.7214||CHF 5.1471|
|BGN 2.5436||MDL 0.2597|
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
|BET 0.74%, BET-TR 0.73%, BET-FI 1.68%, BET-NG 0.57%, BET-XT 0.85%,|
BETXT-TR 0.84%, BET-BK 1.21%, RO-TX 1.02%, BETAeRO 0.14%
CAPITAL MARKET COMMENTARY
|Bucharest stocks closed in the green on Thursday mirroring the uptrend across Europe as investors digested the latest economic data from the continent. During the day, it was revealed that German annual inflation fell to 4.5% in September, while Spanish inflation rose to 3.5% in the same month.|