EXCHANGE RATES
| EUR 4.9207 | GBP 5.7178 |
| USD 4.6726 | CHF 5.9903 |
| BGD 2.5159 | MDL 0.2383 |
BNR INTEREST RATES
| Deposit facility: | 5.75% |
| Policy rate: | 6.75% |
| Lending facility: | 7.75% |
INFLATION RATE
| 15.32% (Oct. 2022) BNR Target 2022: 2.50% (variation band: ± 1pp) |
BUCHAREST STOCK EXCHANGE INDICES
| BET 1.63%, BET-TR 1.63%, BET-FI 0.66%, BET-NG 1.15%, BET-XT 1.43%, BETXT-TR 1.43%, BET-BK 1.44%, RO-TX 1.82%, BETAeRO 0.35% |
POLITICS
11:59 Romania’s President Klaus Iohannis on Tuesday will attend a European Union – Western Balkans summit meeting in Tirana, Albania, according to the Presidential Administration.
11:04 Romania is set to ink a memorandum for green energy transport with Azerbaijan and Georgia in Bucharest on Dec. 17, News.ro reported, citing Romanian foreign affairs minister Bogdan Aurescu.
09:45 MEP Eugen Tomac wrote on Sunday (Dec. 4), on his Facebook page that Austria’s current standpoint regarding Romania’s accession to the Schengen area is discriminatory, and if the Austrian side opposes Romania joining the free movement area, on Dec. 8, such a decision meets all the elements to formulate a referral to the Court of Justice of the European Union (CJEU).
ECONOMY
10:35 Romania’s seasonally adjusted unemployment stood at 5.5% in October, from 5.4% in the previous month, as the number of people registered as unemployed rose by 7.7 thousand to 453.2 thousand, National Institute of Statistics (INS) data showed.
10:12 This year, Romania will register the lowest corn production since 2007 until now, the pedological drought reducing the harvest by approximately 40pct-50% compared to previous years, Minister of Agriculture and Rural Development Petre Daea told Agerpres.
10:01 Romania’s gas imports were down 19.2% in the first 9 months of 2022 while production was down 4.3%, according to INS data.
MARKET & COMPANIES
10:57 Bucharest City Hall has launched a procurement procedure intending to contract a bank loan of RON 500 mln (EUR 100 mln) to pay off its debts to Termoenergetica – the operator of the centralized heating system in the city which is also controlled by the municipality, Profit.ro reported.
09:12 State-owned Romgaz, the largest natural gas producer and the main supplier in Romania, is allocating over 11 million RON for provisional preparatory works, drilling and production tests at the 250 Noul Sascesc exploitation well, according to an announcement published on the public tender website.
09:08 Germany’s giant Varta is postponing the one billion euro investment in the battery factory for electric cars in Romania, the company confirmed to Economica.net.
TECHNOLOGY
10:49 Romanian developer of robotic process automation software UiPath, the first Romanian company listed on Wall Street, announced $262.7 million revenue in the third quarter of its 2023 fiscal year ended October 31, a 19% increase year-over-year.
SOCIETY
10:13 On Sunday (Dec. 4), a number of 127,031 people entered Romania through border points throughout the country, of whom 7,600 were Ukrainian citizens, down 15% compared to the previous day, according to the General Inspectorate of the Border Police (IGPF).
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