TODAY’S NEWS
ECONOMY & COMPANIES
–Almost 40% of white-collar workers go to the office every day and 28% of them work in hybrid system, about a third of the employees work exclusively remotely, according to the latest survey conducted by local online recruitment platform Bestjobs.
–Romania’s seasonally adjusted unemployment rate ticked lower to 5.5% in May 2023, from a 5.6% rise in the previous month, data from the National Institute of Statistics (INS) showed on Friday (June 30).
–The Finance Ministry raised RON917 million from banks on Thursday (June 29), selling government paper maturing in 2028, at an annual average yield of 6.65%, the National Bank of Romania (BNR) data showed.
–Public administration debt (government debt) fell to 712.120 billion RON in April 2023, down from 714.865 billion RON in the previous month, data published by the Finance Ministry (MF) showed.
–The number of residential building permits issued in January-May 2023 amounted to 14,122, down by 24.5% y-o-y, the INS data showed.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9634 | GBP 5.7822 |
| USD 4.5750 | CHF 4.0769 |
| BGN 2.5377 | MDL 0.2486 |
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 -0.68%, BET-TR -0.68%, BET-FI -0.31%, BET-NG -1.34%, BET-XT -0.63%, BETXT-TR -0.63%, BET-BK -0.29%, RO-TX -0.06%, BETAeRO 0.00% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks head into the weekend in the red bucking the trend across Europe where markets closed higher as investors digested inflation data from across the continent, which showed annual growth of consumer prices is continuing to slow down. |
