TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9264 | GBP 5.6020 |
| USD 4.6388 | CHF 5.0052 |
| BGN 2.5188 | MDL 0.2442 |
BNR INTEREST RATES
| Deposit facility: | 5.75% |
| Policy rate: | 6.75% |
| Lending facility: | 7.75% |
INFLATION RATE
| 16.76% (Nov. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET 0.43%, BET-TR 0.43%, BET-FI -0.55%, BET-NG 0.27%, BET-XT 0.31%, BETXT-TR 0.30%, BET-BK 0.52%, RO-TX 0.39%, BETAeRO 0.73% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the positive territory on Wednesday, mirroring the trend across Europe, where markets traded higher as the latest reports revealed somewhat better-than-expected results in the Eurozone’s economic activity, France’s inflation, and Germany’s services sector. The year 2022 saw an average daily traded volume of all instruments on the Bucharest Stock Exchange of RON96.8 million (EUR 19.6 million), having increased for the third year in a row. |
TODAY’S NEWS
POLITICS
16:08 In 2022, Romania managed to absorb 11.3 billion euros in European funds, prime minister Nicolae Ciuca stated on Wednesday, adding that it is the highest level reached since the country has access to these funds, Agerpres reported.
10:19 The Ministry of Agriculture has developed a draft decision for the establishment of Milk and Dairy Products Observatory, the ministry announced on Tuesday.
10:02 The state becomes a direct contributor to the increase in the degree of banking intermediation after the merger of EximBank with Banca Romaneasca, argues the minister of finance, Adrian Caciu, Agerpres reported.
ECONOMY
10:01 Romania’s economy is rated as the 19th most complex and sophisticated in the world in the Atlas of Economic Complexity, an analysis conducted by economists at the University Harvard.
09:03 The deterioration of internal macroeconomic balances is the highest risk to Romania’s financial stability, the latest survey of the National Bank of Romania among the main banks on the local market by assets shows.
COMPANIES & MARKET
11:49 The number of companies delisted at national level increased by 10.88% in January-November 2022 y-o-y, up to 65,503 delistings, National Trade Registry Office (ONRC) data showed.
10:58 Overall industrial production prices (domestic and foreign market) rose by 0.6% in November 2022 compared to the previous month, while compared to November 2021 prices increased by 35.1%, National Institute of Statistics data showed.
10:46 The state-controlled gas producer Romgaz which recently launched tenders for the purchase of equipment needed for drilling wells, aims to dig 40 new exploration wells between 2023 and 2025.
09:47 Sweden’s Electrolux is set to lay off part of the staff of Satu Mare cooker plant amid falling sales.
09:08 The Board of Directors of Altur SA Slatina has informed the capital market that it approved on Tuesday the opening of the general insolvency procedure according to the provisions of Law 85/2014.
SOCIAL
18:01 In 2023, Europeans are more concerned about protecting their money, properties (car, house), health and life than investing in new financial instruments or contracting mortgage loans, according to a Revolut and Dynata survey conducted among 8,032 respondents across eight European countries, of whom 1,000 Romanians.
10:09 More than 88,000 people entered Romania on Tuesday, through border points, of whom almost 7,000 were Ukrainian citizens, according to the General Inspectorate of the Border Police (IGPF).
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