POLITICS
Romania and Bulgaria will enter the Schengen area of free movement by air and sea borders in March 2024, the Romanian government announced on Wednesday.
ECONOMY
-The National Statistics Institute revised Romania’s economic growth from 4.7% to 4.1% in 2022.
-Private lending in Romania increased by 5.4% in nominal terms (down 1.2% in real terms) to RON384 billion in November 2023 on an annual basis, the National Bank of Romania (BNR) data showed.
-CFA Romania financial analysts say the public budget deficit expected for 2023 will be 5.7% of GDP and will reach 5.2% next year.
-The net assets of the 248 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 2.1% last month to RON39.5 billion (EUR7.9 billion), but decreased by 14% since the beginning of the year, data from the Association of Fund Managers (AAF) showed.
-The volume of construction works in Romania increased, in unadjusted data, by 10.7% in October 2023 on an annual basis, INS data revealed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9753 | GBP 5.7227 |
| USD 4.4726 | CHF 5.3438 |
| BGN 2.5438 | MDL 0.2573 |
(Source: National Bank of Romania BNR)
