EXCHANGE RATES
| EUR 4.9211 | GBP 5.7073 |
| USD 4.6615 | CHF 5.9963 |
| BGD 2.5161 | MDL 0.2412 |
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 (BVB) INDICES
| BET 0.83%, BET-TR 0.83%, BET-FI 0.21%, BET-NG 1.25%, BET-XT 0.73%, BETXT-TR 0.73%, BET-BK 0.42%, RO-TX 0.83%, BETAeRO 0.26% |
CAPITAL MARKET COMMENTARY
| Bucharest stock indices headed into the weekend higher in line with rest of Europe’s markets. Transgaz, the state-owned company, which is the technical operator of the national natural gas transmission system in Romania, led the BVB’s blue-chip gainers, closing at 287.0000 points. |
TODAY’S NEWS
POLITICS
19:28 The president of the European Parliament, Roberta Metsola, will carry out a working visit to Romania on Dec. 19 and 20, and deliver a speech in the plenary of the Romanian Parliament on Dec. 19.
15:30 Prime Minister Nicolae Ciuca, chairman of the National Liberal Party (PNL), announced on Friday that the steps for Romania’s accession to Schengen will be continued and specified that the decoupling in this file from Bulgaria is a measure that must be analyzed, Agerpres reported.
10:26 The 2023 initial budget of the Ministry of Sports shall be 581.5 million RON, increasing by 60 million against the one in 2022, Minister of Sports Eduard Novak announced in a post on Facebook.
10:18 Romania’s Ministry of Foreign Affairs (MAE) firmly rejects the “totally inadmissible” position of Austria to vote against the Decision on Romania’s accession to the Schengen area, Agerpres reported.
09:22 The non admission to the Schengen area means losses of 10 billion euros annually for Romania’s economy, said economy minister Florin Spataru told Digi24 on Thursday,
ECONOMY
11:14 A number of 20,223 housing units were put into use in Q3, 2022, an increase of 1,957 units y-o-y the National Institute of Statistics (INS) data showed.
10:10 Net investments in the national economy stood at 39.356 billion RON, in Q3, 2022, up 13.3% compared to Q3, 2021, according to provisional data published by the National Institute of Statistics (INS) on Friday.
09:12 The country’s minimum gross salary will be increased to 3,000 RON monthly, starting on January 1, 2023, compared to 2,550 RON at present, according to the Ministry of Labor and Social Solidarity.
COMPANIES & BUSINESS
10:21 In 2020, the average hourly labour cost in the EU stood at 28.9EUR and the lowest hourly labor costs, expressed in EUR, were recorded in Bulgaria and Romania, Eurostat data show.
10:19 The German companies in Romania say their economic situation in Romania is good or satisfactory, although most of them see the international circumstances worsening in the coming 12 months, according to a survey conducted in October by the Romanian German Commerce Chamber (AHK Romania).
10:01 The average net salaries for the most sought-after jobs in the banking industry went up by 4% and 46% between 2018 and 2022, data from Undelucram.ro, an online community of employees in Romania, showed.
SOCIETY
10:49 A number of 77,715 people entered Romania through border points throughout the country, of whom 7,876 were Ukrainian citizens, increasing by almost 7% compared to the previous day, according to the General Inspectorate of the Border Police (IGPF).
MORE NEWS FROM ROMANIA
BRASOV
In January 2023, works begins on the new Urban Transport Terminal at the Brasov Train Station. It should be ready by December 2023, Monitorul Express reported.
CONSTANTA
The municipality of Constanta claims that it wants to increase the number of parking spaces and build some multi-storey ones, Radio Constanta reported.
To get in touch with our editorial team, send a press release,
email us at: editorial [at] buildpress.com.ro
To advertise on our platforms, you can use this form,
email us at: advertise [at] buildpress.com.ro
or call us at: +40 314 228 321 (Monday-Friday 10:30 – 16:30)
Visit our other websites:
• www.investopress.com • www.worldmarketsdaily.com • www.classifieds.investopress.com
• www.printwebpublications.com • www.realestatemagazine.com.ro
