MACRO
-The National Bank of Romania (BNR) revised upwards its 2022 year-end inflation forecast to 16.3%, from its previous forecast of 13.9% in August, BNR governor Mugur Isarescu told a press briefing on Monday (Nov. 13) presenting the latest inflation report.
-The European Commission (EC) sees Romania’s economy expanding by 5.8% this year, as compared to a 3.9% growth rate projected in July, the EU’s executive arm said in its Autumn 2022 Economic Forecast report.
-Romania’s current account balance posted a deficit of EUR20.1 billion in the first nine months of 2022, up 59% y-o-y, BNR data showed.
CURRENCIES
The Euro trades at 4.8982 RON on Monday (Nov. 14), according to quotations announced by the banks authorized to operate on the currency market.
COMPANIES
-Bucharest-listed Transgaz posted net profit worth RON273 million in January-September 2022, more than twice the RON112 million the natural gas transmission company registered in the same period of 2021.
-Bucharest-listed Transelectrica’s total operating revenues stood at RON4.88 billion in the first nine months of 2022, double the year-earlier period, and RON418 million net profit, from RON81 million in Jan-Sept 2021.
-Bucharest-listed Banca Transilvania, Romania’s largest bank by assets, reported its net profit marginally fell 2% to RON 1.44 bln in January-September 2022 y-o-y, while the stock of loans increased by 19% to RON 63.2 bln.
