Romania’s bank deposits annual growth grew in March, the National Bank of Romania (BNR) said on Thursday (April 27) in its monthly monetary statistics report. The deposits of the non-government sector in local lenders increased by 9.5% last month y-o-y, to 524.4 billion lei (106.1 billion euro), after rising 8.5% in February. Romanian leu deposits went up by 17.8%, reaching 347.4 billion
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South East European markets headed into the weekend higher with Istanbul leading the gains. Athens bucked the trend with the ATHEX Composite index plunging 2.11%. In Greece, no more than 50,000 local enterprises are thought creditworthy by domestic lenders, Kathimerini reported citing bank executives. In Romania, the central bank raised its benchmark interest rate to 5.50% from the current rate of 4.75%,
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South East European stocks were mostly higher on Thursday after data showed Germany’s factory orders fell less than feared in June and the Bank of England imposed its biggest rate hike in 27 years. The sixth consecutive increase takes borrowing costs to 1.75%. The Bank issued a dire outlook for economic growth, suggesting that the latest gas price rise has led to
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Equities in South East Europe closed with gains on Wednesday despite concerns about escalating conflict between China and the United States over U.S. House Speaker Nancy Pelosi’s trip to Taiwan. Investors shrugged off the latest survey results suggesting that Eurozone business activity contracted in July amid a downturn in the manufacturing sector and slowing in the service economy as well as data
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South East European stocks ended Tuesday’s session mostly in the red territory as investors observed the visit made today by United States House Speaker Nancy Pelosi to Taiwan despite China’s warnings not to do so. Chinese foreign ministry spokesman Zhao Lijian said that Pelosi’s visit would lead to “very serious developments and consequences”. The White House has warned China against turning her
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South East European stocks began the new month on an upbeat note with Istanbul leading the gains. In Bulgaria, the president called snap elections for October 2 and appointed caretaker government. On the data front, euro zone manufacturing activity contracted in July, S&P Global’s final manufacturing PMI (purchasing managers’ index) revealed on Monday, deepening fears that the bloc could be sliding into
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Stocks in South East Europe (SEE) gained ground this week, boosted by data showing that the eurozone economy expanded at a higher-than-expected rate of 0.7% in the second quarter, compared with the previous quarter. Athens led the gains in the SEE region with the General Index jumping 2.54%, followed by Bucharest where the blue-chip BET advanced 2.11%. Markets largely shrugged off concerns
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