ECONOMY
Romania’s economy slowed down to 1.3 percent in Q3 2022 in real terms (in unadjusted data) compared to the previous quarter, from a quarterly growth rate of 1.8 percent in Q2, a flash estimate by the National Institute of Statistics (INS) showed.
BANKING
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 to 7.98% a year on Tuesday (Nov 15), National Bank of Romania (BNR) data showed.
CAPITAL MARKET
-The number of direct investors at the Bucharest Stock Exchange (BVB) is continuously increasing for the 11th consecutive quarter and reached 128,000 investors for the first time, according to FCI data at the end of the first 9 months.
-Investment fund Fondul Proprietatea run by investment manager Franklin Templeton will launch an initial public offering for state-controlled power producer Hidroelectrica on the BVB following a shareholders’ decision on Tuesday, ditching an initial plan for a dual listing, Fondul manager Johan Meyer told reporters.
INVESTMENTS
-Romania places 39th among the world’s 61 most attractive countries for green infrastructure investments ranked by PwC in its Green Infrastructure Finance Propensity Index.
-Central European companies intend to invest in the next two years in research and development (R&D) activities the same annual amount as they did in the last three years, and 25% of the companies surveyed plan to increase their investments in such activities, according to the Deloitte Central European Corporate R&D Report 2022 conducted in seven countries in the region, including Romania.
