The Ministry of Finance is carrying out a new public offer for the sale of Fidelis government bonds for individual investors on Bucharest Stock Exchange (BVB) , between September 13th and October 1, while launching on BVB the fifth issue since July 2020. Through the first four offers, the Ministry of Finance attracted from the retail investors more than RON 7bn (over EUR 1.4bn). ‘The Ministry of Finance continues issuing government bonds addressed to the population through the FIDELIS Program. Investors should be aware that this savings instrument offers advantageous interest rates and is an attractive way of saving both in lei and in euros, for which no fees are charged in the underwriting process, and capital gains and interest income are non-taxable. By continuing to issue government securities under this program, the Ministry of Finance reaffirms its commitment to provide individuals with attractive savings options, while diversifying the state funding sources‘, said Dan Vilceanu, Ministry of Finance. Resident and non-resident individuals over the age of 18 years can subscribe Fidelis government bonds denominated in RON and EUR within the public sale offer carried out on Bucharest Stock Exchange, between September 13th and October 1st, 2021, through BT Capital Partners & Banca Transilvania, BCR and BRD- Groupe Societe Generale. `We are glad that the Ministry of Finance continues the FIDELIS government bond issuance program, keeping the quarterly cadence of these offers, which has already become a tradition. Looking at everything that has happened on the capital market since the beginning of the pandemic, at the numerous financing rounds carried out by both the state and entrepreneurial companies, which accumulate over 2.3 billion euros, we can say with firm belief that the stock market has proven again that it is able to support the development of the economy and absorb offers of considerable sizes`, said Radu Hanga, Bucharest Stock Exchange President. `Bearing in mind the success of the previous four offers, carried out in different market conditions, the outbreak of the pandemic, the flattening of the first waves, the appearance of other waves, IPOs carried out at the same time for shares and government securities, reveals that the Ministry of Finance and the brokerage syndicate found the best suited formula so that this tradition of FIDELIS government bond issues continues and, as well, to provide investors with a range as diverse as possible of instruments for their investments and, at the same time, to attract new investors to the market. This range of instruments will expand further, once the CCP is operational, which is estimated to be in the second half of next year`, said Adrian Tanase, Bucharest Stock Exchange CEO.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
