The Finance Ministry (MF) borrowed RON 1.034 billion from commercial banks on Thursday, through an issue of government bonds and one of discounted Treasury certificates, according to data published by the National Bank of Romania (BNR).The ministry borrowed RON 458.7 million through a bond issue with a residual maturity of 110 months and an average yield of 6.72% per annum. The nominal value of the issue was RON 400 million and banks subscribed RON 573.7 million.An additional auction is scheduled for Friday, through which the government wants to attract another RON 60 million at the yield set on Thursday for the bonds.MF also borrowed RON 575.4 million through an issue of 12-month discount Treasury certificates with a maturity of 12 months, at an average yield of 5.77% per annum. The nominal value of the issue was RON 500 million and banks subscribed RON 843.2 million.The Finance Ministry planned to borrow RON 5 billion from commercial banks in September 2024, to which RON 675 million can be added through additional non-competitive bidding sessions related to the bond auctions.The total amount of RON 5.675 billion is RON 25 million less than the RON 5.7 billion programmed in August 2024 and will be used to refinance public debt and finance the state budget deficit.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
