Romania launched a bond issue on international markets for the first time this year on Wednesday, to take advantage of improved sentiment after the Bucharest government adopted the necessary reforms to reduce the budget deficit, Bloomberg reports.According to a source close to this file, who wished to remain anonymous, Romania is offering euro-denominated bonds maturing in 2033 and 2044, as well as dollar-denominated bonds maturing in 2036.Seven-year euro bonds are quoted at 250 basis points above the mid-swap rate, while ten-year bonds are quoted at 325 basis points above the mid-swap rate. Also, dollar bonds maturing in 2036 are quoted at 210 basis points above bonds of the same maturity issued by the US Treasury.The annual financing plan forecast for this year is approximately 265-275 billion lei, which should cover a budget deficit level between 6% and 6.4% of GDP and the refinancing of the maturing public debt, and in terms of financing sources, it is estimated that public debt will be contracted on the domestic market of approximately 160-170 billion lei and on the external market of approximately 21 billion euros, according to a draft Government Decision published at the end of January this year.According to the Ministry of Finance, the initiator of the document, the estimated volume on the external market is to be ensured through Eurobond issues in the amount of 10 billion euros, the rest being amounts estimated to be attracted through loans under the PNRR, SAFE programs, loans from international financial institutions and private placements. At the same time, during 2026, Eurobonds worth approximately 3.25 billion euros will reach maturity, respectively 750 million euros on February 26, 1.56 billion euros on September 27 and 940 million euros on December 8, 2026.The government adopted emergency ordinances on Tuesday evening regarding public administration reform and economic recovery.
Romanian Iulia Neagu, a PhD in physics at Harvard, sold the artificial intelligence startup Quotient to the American, Romanian-founded data giant Databricks. The two companies aim to improve the way AI agents are used in production environments, are evaluated, and optimized. The startup was launched in 2023 to create systems capable of measuring and improving […]
Authorities in Bucharest have passed regulations to drastically limit the use of fireworks throughout the year. Companies that organize pyrotechnic shows will have to pay a fee of RON 500 (EUR 100) per minute and will need the approval of the City Hall. The new measures were approved by the Bucharest General Council and are […]
The Islamic government in Tehran warned Romania that providing bases to the US airforce amounts to participation in the attacks against it, according to a series of statements offered on Monday, March 16, by a spokesman of the Iranian Ministry of Foreign Affairs. The spokesman argued that Romania's support for the US “would incur international responsibility […]
Restaurant technology startup Choice has raised USD 7.1 million in new funding as it accelerates its expansion across Central and Eastern Europe (CEE), including Romania. The company entered the Romanian market in 2025 and has already attracted its first paying restaurants. The funding round was led by Portuguese venture capital fund Alea Capital, with participation […]
The Organization for Economic Cooperation and Development (OECD) released a report regarding Romania and its path to becoming a member on Monday, March 16, in an event attended by the organization's secretary general, Mathias Cormann, and prime minister Ilie Bolojan, among other officials. The report underscores the need to improve the long-term sustainability of Romania’s...
The Sand Marathon (Maratonul Nisipului), one of Europe’s most distinctive beach running competitions, will return to Constanța, on the shores of the Black Sea, on May 17, for its 11th edition. The event will take place on Zoom Beach and marks the beginning of a new decade for the competition under the theme Next Wave. […]
