TODAY’S NEWS
ECONOMY & COMPANIES
-Romania’s unemployment rate stood at 5.6% last month, higher by 0.1 percentage points than 5.5% in March, the National Institute of Statistics data showed.
–Last year, 65% of companies in Romania got involved in CSR (corporate social responsibility) because it was part of their sustainability strategy, and only 35% compared to 55% in 2021, because it was part of their public relations strategy, Ziarul Financiar reported citing the survey on the “Dynamics and perspective of CSR in Romania.”
–The total volume of Romanian-Chinese commercial exchanges stood at 9 billion dollars in 2022, up 3.1% y-o-y, China being Romania’s second commercial partner after Turkey, as non EU countries, according to data by the Chamber of Trade and Industry of Bucharest (CCIB).
–Mandatory private pension funds had assets worth 105.20 billion lei at the end of April, up 18.9% y-o-y, according to Financial Supervisory Authority (FSA) statistics.
TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9696 | GBP 5.7565 |
| USD 4.6562 | CHF 4.1125 |
| BGN 2.5409 | MDL 0.2603 |
BNR INTEREST RATES
| Deposit facility: | 6% |
| Policy rate: | 7% |
| Lending facility: | 8% |
INFLATION RATE
| 11.2% (April 2023) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -0.45%, BET-TR -0.44%, BET-FI 0.15%, BET-NG -0.51%, BET-XT –0.31%, BETXT-TR 0.08%, BET-BK 0.08%, RO-TX -0.27%, BETAeRO 0.56% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks traded mixed on Wednesday as rest of European markets closed lower with jitters remaining over the U.S. debt ceiling bill ahead of the June 5 deadline. |
