TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9140 | GBP 5.6199 |
| USD 4.6193 | CHF 5.9866 |
| BGN 2.5125 | MDL 0.9866 |
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 0.82%, BET-TR 0.82%, BET-FI 0.79%, BET-NG 0.17%, BET-XT 0.70%, BETXT-TR 0.70%, BET-BK 0.73%, RO-TX 0.77%, BETAeRO -0.48% |
CAPITAL MARKET COMMENTARY
| Stocks in Bucharest closed in the green on Tuesday with blue-chip TeraPlast leading the gains. The largest Romanian manufacturer of construction materials shares soared by 4.35% to close at 0.6000 points. |
TODAY’S NEWS
POLITICS
09:45 Romania’s President Klaus Iohannis welcomes on Tuesday (Dec. 20) his counterpart from the Portuguese Republic Marcelo Rebelo de Sousa, on the occasion of the latter’s visit to Romania, at the “Olt” 1st Training Battalion in Caracal, according to the Presidential Administration.
09:33 Romanian Prime Minister Ciuca received European Parliament’s president Roberta Metsola; energy security, Schengen expansion were among topics discussed.
09:22 The president of the Chamber of Deputies, Marcel Ciolacu, declared on Monday in the plenary session of the Parliament, where the president of the European Parliament, Roberta Metsola, was present, that Romania must be in the Schengen area and that “we have the obligation to carry this fight to the end”, Agerpres reported.
ECONOMY
17:59 The volume of construction works in Romania increased in unadjusted data, by 34.3% in October y-o-y and by 32.9% when adjusted to the number of working days and to seasonality, National Institute of Statistics data showed
14:30 The net flow of foreign direct investment (FDI) stood at EUR9.4 billion in the first ten months of 2022, headed toward best year ever, BNR data showed.
10:59 Romanian employees will allocate a budget by 40% lower than last year for holiday gifts, spending the New Year’s Eve in “an economical manner,” according to a survey conducted by online recruitment platform BestJobs.
10:19 Romania’s finance ministry raised RON1.37 billion on Monday (Dec 19) through two government bond issues, at annual average yields of 7.63% and 8.35%, National Bank of Romania data showed.
10:09 In 2021, among EU member states, the lowest average annual adjusted full-time salary was in Bulgaria (EUR10,300), Hungary (EUR12,600) and Romania (EUR13,000), according Eurostat, the statistical office of the European Union (EU).
COMPANIES & BUSINESS
17:42 Romania’s insurance market reached a volume of underwritten gross premiums of RON12.1 billion in January-September 2022, up 23% y-o-y, according to the Financial Supervisory Authority’s (ASF) latest report on the evolution of the local insurance market
10:07 Shareholders of the Bucharest Stock Exchange (BVB) approved on Tuesday (Dec 19) the conclusion of a contract for a ten-year period with the company Complexul Multifunctional Victoria SRL for the lease of a location designated for BVB’s headquarters and fit-out works within the America House building held by the company, according to the shareholders’ decisions published on the website of BVB.
10:01 American multinational computer technology corporation Oracle is going to give up at least a third of the 55,000 sqm it has leased in three office buildings in the northern part of Bucharest, Profit.ro reported. The cut could be as deep as 70%.
09:55 All mobile phone operators fulfill the obligation of signal coverage for 98% of Romania’s population, ANCOM (National Authority for Communications Management and Regulations) announced following the completion of a new coverage checking campaign for mobile phone services.
SOCIAL
09:58 As many as 96,889 people, including 8,513 Ukrainian nationals, entered Romania on Monday (Dec. 19) according to the General Border Police Inspectorate (IGPF).
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