TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9243 | GBP 5.5809 |
| USD 4.6388 | CHF 5.0041 |
| BGN 2.5177 | MDL 0.2423 |
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 0.87%, BET-TR 0.87%, BET-FI 0.38%, BET-NG 0.99%, BET-XT 0.86%, BETXT-TR 0.86%, BET-BK 0.93%, RO-TX 0.81%, BETAeRO 1.00% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the green on Thursday bucking the trend across Europe where markets closed lower as investors appeared to be worried about central banks’ future steps as data seemed to indicate that policymakers would have room to tighten the monetary policy in the months to come. |
TODAY’S NEWS
POLITICS
16:01 Liberal political party Save Romania Union (USR) criticized the government, on Thursday (Jan. 5), in relation to the implementation of the 1,400 RON aid intended for vulnerable people to pay their energy bills, noting, at the same time, that the minister of Investments and European Funds, Marcel Bolos, stated that payment to suppliers through these cards will be possible after March 1, Agerpres reported.
09:01 In a phone call on Wednesday with his Ukrainian counterpart Volodymyr Zelensky, Romania’s President Klaus Iohannis talked about Ukraine’s minorities law and Russian attacks on neighbouring country, Agerpres reported.
ECONOMY
15:47 The Finance Ministry (FM) plans to raise up to USD 4 billion from foreign markets through the issuance of forex-denominated government securities, according to a draft Order published in the Official Journal. On Thursday (Jan. 5), the MF borrowed 3.347 billion RON from banks, through two issues of benchmark government bonds, according to data published by the BNR.
9:58 The number of electric cars purchased in Romania passed the threshold of 10,000 units in 2022, and new car registrations increased by 7% year-on-year, according to a market analysis carried out by Autovit.ro an online car platform.
COMPANIES & MARKET
10:17 The pace of new hirings will slow down in the first half of 2023 amid a macroeconomic context dominated by uncertainty, while the workforce crunch will still be a major challenge for the business environment in 2023 as well, according to Andrei Frunza, CEO of online recruitment platform BestJobs Romania, Ziarul Financiar reported.
09:42 The health insurance market in Romania reached gross written premiums of RON509 million in the first nine months of 2022, up 33% y-o-y, Financial Supervisory Authority (ASF) data show.
09:45 US-held NuScale Power and the Romanian company RoPower Nuclear (RoPower), owned equally by Nuclearelectrica and Nova Power & Gas, announced on Wednesday the signing of the contract for the first phase of the engineering and design work for the first SMR plant in Romania.
SOCIAL
11:48 The number of tourist arrivals in Bucharest was, in the first ten months of last year, 1,211,349, the National Institute of Statistics (INS) data showed.
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