TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9176 | GBP 5.6544 |
| USD 4.6333 | CHF 5.9751 |
| BGN 2.5143 | MDL 0.2384 |
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 1.15%, BET-TR 1.15%, BET-FI 0.32%, BET-NG 0.70%, BET-XT 0.88%, BETXT-TR 0.88%, BET-BK 0.58%, RO-TX 1.21%, BETAeRO -0.26% |
CAPITAL MARKET COMMENTARY
| Equities in Bucharest kicked off the new trading week higher with Fondul Proprietatea leading the gains. The investment fund’s shares jumped 2.76 to close at 2.0450 points. The local stock market mirrored the trend across Europe. The positive sentiment in the continent appeared to be prompted by the report indicating that the business sentiment slightly recovered in Germany, with the reading coming higher-than-projected as the fiscal year comes to an end. |
TODAY’S NEWS
POLITICS
12:05 Romania’s President Klaus Iohannis will welcome on Tuesday (Dec. 20) his counterpart from the Portuguese Republic Marcelo Rebelo de Sousa, on the occasion of the latter’s visit to Romania.
10:09 Romania’s Foreign Affairs Minister Bogdan Aurescu is on a official visit to Chisinau, on Monday and Tuesday (Dec. 19-20), at the invitation extended by Moldovan Deputy Prime Minister and Minister of Foreign Affairs and European Integration Nicu Popescu.
09:26 The President of the European Parliament, Roberta Metsola, is paying a working visit to Romania on Monday and Tuesday (Dec. 19-20).
09:14 The Agreement between the governments of Azerbaijan, Georgia, Romania and Hungary on the Strategic Partnership in the field of green energy development and transport was signed, on Saturday (Dec. 17), in Bucharest, in the presence of President of the European Commission Ursula von der Leyen and Romania’s President Klaus Iohannis.
ECONOMY
13:01 Bucharest Stock Exchange’s BET index companies see 8.6% single-month gains – the fastest growth pace in 20 months.
09:28 Romania imported, in January-October 2022, a quantity of usable natural gas of over 1.828 million tonnes of oil equivalent (toe), down 20.1% (-459,800 toe) y-o-y, National Institute of Statistics (INS) data showed.
COMPANIES & BUSINESS
14:47 Jobseekers in Romania were much more active this year, as a candidate applied to an average of 6 jobs per month, twice as many as in 2021, according to online recruiting platform BestJobs. The total number of applicants was 62% higher in 2022 compared to the previous year.
11:01 BRD Pensii, which manages the Pillar II fund with the lowest net asset unit value since its launch in 2008, of RON23.49 vs RON10 in 2008, is contemplating several scenarios with regard with its exit from this segment, including sale to another manager or a possible activity transfer to BRD Asigurari de Viata, local business daily Ziarul Financiar reported.
SOCIAL
09:45 As many as 200,534 people, including 9,229 Ukrainian nationals, entered Romania on Sunday (Dec. 18) according to the General Border Police Inspectorate (IGPF).
MORE NEWS FROM ROMANIA
PITESTI-SIBIU
14:43 The first section of Romania’s Sibiu-Pitesti highway (about 13 km) opened to traffic ahead of schedule.
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