TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9278 | GBP 5.5747 |
| USD 4.6221 | CHF 5.9834 |
| BGN 2.5195 | MDL 0.2413 |
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 0.29%, BET-TR 0.29%, BET-FI 0.21%, BET-NG –0.01%, BET-XT 0.27%, BETXT-TR 0.27%, BET-BK 0.36%, RO-TX 0.26%, BETAeRO 0.24% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed in the green on Tuesday after the Christmas holiday weekend, mirroring the trend across Europe where markets advanced as upbeat sentiment continues in the final trading days of 2022. Stocks in Europe received a boost from their counterparts in Asia-Pacific. In Bucharest, Medlife led the blue-chip gainers. The company’s shares advanced 1.39% to close at 17.5600 points. |
TODAY’S NEWS
ECONOMY
16:37 The unemployment rate stood at 3.04% for November-end, 2022, at national level, which is a higher figure compared with that recorded in October, by 0.08%, according to the National Employment Authority (ANOFM).
15:55 The deficit of the general consolidated budget increased by 4.2% of the Gross Domestic Product (GDP), in Jan-Nov. 2022, from 3.37% of the GDP, at October-end, Finance Ministry (MF) data showed.
13:01 Romania can avoid a recession next year, but GDP growth will be much lower – probably between 1.5-2.5%, compared to approximately 5% in 2022, according to the chairman of the Fiscal Council, Daniel Daianu.
11:49 Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, fell slightly to 7.61% a year, National Bank of Romania data showed.
10:48 The National Forestry Authority – Romsilva has the obligation, according to the provisions of the Forestry Code, that 50% of the volume of wood placed on the market in 2023 be shaped, which means a big challenge, Agerpres reportec citing the managing director of RNP – Romsilva, Daniel Nicolaescu.
COMPANIES & BUSINESS
12:31 The global IPO market took a sudden turn in 2022, with the number of deals plunging by 45% and receipts sinking by 61% from the 2021 record, but Romania’s market remains resilient, reveals an EY survey.
SOCIAL
09:29 The total number of children in Romania who had both parents working abroad was 12,706, at the end of June 2022, according to data centralized by the National Authority for Protection of the Child Rights and Adoption (ANPDCA).
09:19 The peak month for holiday travel was, between January and September 2022, the month of August, both for domestic travel, with 20.8%, and for external travel, with 26.5% of the total of this type of travel, National Institute of Statistics data showed.
MORE NEWS FROM ROMANIA
CRAIOVA
Craiova’s company Softronic, which produces locomotives, is the first beneficiary in Romania of the de minimis aid for increasing the competitiveness of industrial products, the financing contract being signed on Tuesday, at the company’s headquarters, by its representatives and Minister of Economy Florin Spataru.
TIMISOARA
12:40 Timisoara received the first electric buses from a batch of 44 purchased with European funds.
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