TODAY’S MARKET
EXCHANGE RATES
| EUR 4.9474 | GBP 5.5878 |
| USD 4.6346 | CHF 5.0289 |
| BGN 2.5295 | MDL 0.2428 |
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 0.40%, BET-TR 0.40%, BET-FI -0.59%, BET-NG 0.61%, BET-XT 0.30%, BETXT-TR 0.30%, BET-BK 0.20%, RO-TX 0.42%, BETAeRO 1.47% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed the last trading session of the year higher with a turnover of 41.064 million RON (8.3 million EUR). Among blue-chips, the most traded were OMV Petrom shares, with approximately 12.805 million RON, followed by Proprietatea Fund’s shares, which generated exchanges worth 9.223 million RON, and those of Banca Transilvania (3.040 million RON). Investment activity intensified on the BVB in 2022: over 1.5 million transactions were carried out in the first 11 months, up 11.3% compared to the same period last year. The total trading value with all types of financial instruments reached RON 18.8 billion in the first 11 months, up by 8.3%. The average daily trading value on the Regulated Market with all types of financial instruments reached RON 81.5 million, the equivalent of EUR 16.5 million, +8.8% compared to the first 11 months of the previous year. |
TODAY’S NEWS
POLITICS
17:14 The Minister of Research, Innovation and Digitization, Sebastian Burduja, wrote on Facebook on Friday (Dec. 30) that the institution he leads had three PNRR (National Recovery and Resilience Plan) milestones to meet in December 2022, all of which were met in due time.
11:02 The Governor of the National Bank of Romania, Mugur Isarescu, outranks the most important political leaders – Romania’s President Klaus Iohannis, Prime Minister Nicolae Ciuca and the president of the Chamber of Deputies Marcel Ciolacu – in terms of trust, according to an IRES survey.
ECONOMY
19:01 In 2022, Romania’s finance ministry has approved financial state aid worth RON2.8 billion for 65 investment projects that will generate more than 9,500 new jobs, the ministry announced on Friday (Dec 30).
18:48 The IRCC, which is used by banks to calculate interest rates for new loans taken out starting in spring 2019, will increase to 5.71% starting January 1, 2023, from 4.06% at present, National Bank of Romania data show. Meanwhile, Romania’s three-month interbank offered rate ROBOR, which is used for pricing floating rate consumer loans in RON, dropped on Friday to 7.57% from 7.60% on Thursday, BNR said.
18:39 From Jan. 1, 2023, the gross minimum basic salary in Romania increases to 3,000 RON, the hourly rate will be 18,145 RON/hour for a full work schedule of 165,333 hours/month, the value of the pension point is increased to 1,785 RON and the gross amount of basic salaries in the budget sector is increased by 10%.
18:09 More than one million driving licenses and almost 1.5 car registration certificates were issued in 2022.
13:57 The electricity price cap for household consumers will apply automatically between January 1, 2023 – March 31, 2025, Agerpes reported.
10:05 The Ministry of Finance intends to borrow over 5.3 billion RON in January 2023.
COMPANIES & BUSINESS
09:29 The number of registrations of individuals and legal persons increased, in January-November 2022, by 2.99%, y-o-y up to 143,828, of which 107,828 are limited liability companies (SRL), the National Trade Register Office (ONRC) data showed.
09:22 Tech startups in Romania got EUR79.27 million funding in 2022, down 7.35% y-o-y, according to a report by Activize.
SOCIAL
16:38 An IRES sociological poll found that 51% of Romanians expect 2023 to be worse than this year, and only 24% believe it will be better, while an equal percentage of respondents say things will be the same.
15:34 Almost 280,000 people affected by the war in Ukraine entered the European Union this year until Friday (Dec. 30), through the border crossing point at Isaccea – Tulcea County in Romania, according to data provided to Agerpres by the Coast Guard.
10:01 The resident population of Romania counted for 19.05 million people, of which 9.8 million were female, representing 51.5%, according to the first provisional data for the Population and Housing Census, round 2021, according to the National Institute of Statistics.
MORE NEWS FROM ROMANIA
ORADEA
12:11 An EU-funded contract worth almost 213 ml RON was signed on Thursday for expansion of Oradea Airport passenger terminal (western Romania).
TIMISOARA
11:22 During its stint next year as European Capital of Culture, Timisoara will host hundreds of events organized by the three cultural partners – the TM2023 Association, the Timis County Council and the Timisoara City Hall’s Project Center.
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