TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9199 | GBP 5.6327 |
| USD 4.6305 | CHF 5.9761 |
| BGD 2.5155 | MDL 0.2391 |
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 0.41%, BET-TR 0.41%, BET-FI 1.01%, BET-NG 0.64%, BET-XT 0.44%, BETXT-TR 0.44%, BET-BK 0.20%, RO-TX 0.60%, BETAeRO -0.27% |
CAPITAL MARKET COMMENTARY
| Stocks in Bucharest snapped their losing streak and headed into the weekend higher bucking the trend across Europe where markets closed lower with investors processing economic decisions following a week of key decisions on monetary policy that saw both the European Central Bank (ECB) and the Bank of England (BoE) increase interest rates by further 50 basis points (bps) on Thursday. Nuclearelectrica’s shares jumped 3.20% to close at 43.6000 points. |
TODAY’S NEWS
POLITICS
14:27 The US senate confirmed Kathleen Kavalec as the country’s ambassador to Romania. She is a former nominee to be the US Ambassador to Albania under President Donald Trump. Previously, she was Deputy Assistant Secretary in the US State Department’s Office for European and Eurasian Affairs.
13:03 The President of the European Commission, Ursula von der Leyen, will be present, on Saturday (Dec. 17), at the Cotroceni Palace in Bucharest, at the signing ceremony of the Agreement between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary regarding the Strategic Partnership in the field of green energy development and transport, Agerpres reported.
09:01 Romanian president Klaus Iohannis on the sidelines of the European Council meeting in Brussels on Thursday (Dec. 15) declared himself certain that, when the Austrian and Dutch votes receive a clarification, Romania’s accession to Schengen will immediately be on the agenda of the Council of Justice and Home Affairs in March.
08:49 Romania’s Prime Minister Nicolae Ciuca told a press conference held at the Romanian embassy in Paris on Thursday (Dec. 15), that the Romanian authorities are approaching a diplomatic path in the relationship with the Austrian authorities and that they respect the decisions of the Romanian citizens towards Austrian companies, without encouraging a certain positioning.
ECONOMY
10:15 The total number of non-resident tourists staying in collective tourist accommodation structures was 1.167 million, in January-September 2022, their expenses totaling 3.157 billion RON (around 609 million euros), on average 2.704 RON/person, National Institute of Statistics (INS) data showed.
09:47 The unemployment rate in Romania the third quarter of 2022 stood at 5.4%, up by 0.1 percentage points compared to the one recorded in the previous quarter, with the highest level, 23.9%, being recorded among young people, INS data showed.
09:39 Automobile Dacia and Ford, Romania’s two carmakers produced in the first 11 months of 2022 a total number of 473,535 units, up 24.6% y-o-y, according to the Romanian Automobile Manufacturers Association (ACAROM).
COMPANIES & BUSINESS
14:44 Businesses from market services provided mainly to businesses increased by 28%, as a gross series, in January-October 2022 y-o-y, INS data showed.
10:30 Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announced the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company – One Downtown.
09:13 Romania’s media market is expected to generate advertising revenue of EUR642 million in 2022, up 7% y-o-y, according to media agency Initiative Romania.
MORE NEWS FROM ROMANIA
TIMISOARA
Timisoara revealed on Dec. 13 a diverse program for 2023, the year when it holds the European Capital of Culture title, alongside Elefsina (Greece) and Veszprém (Hungary). The official opening will take place on February 17-19, 2023.
GALATI
Galati City Hall has acquired a sonic tomograph that helps the authorities assess the health of trees in the city. The device will become operational in the coming period, according to officials.
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