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.
The 13th edition of Romanian Design Week will take place in Bucharest between May 16 and 25, 2025, with the theme "Design Tomorrow Today." According to the organizers, starting with the 2025 edition, the festival begins a transformation process, focusing on collaboration, sustainability, and a deeper connection with the city and its residents. The program […]
Kodesage, a Hungarian startup specializing in AI-powered solutions for legacy software modernization, has raised EUR 2.3 million in pre-seed funding led by PortfoLion Capital Partners. Romanian angel investors Marius Istrate and Dan Lupu, former UiPath executives, also participated in the funding round. Kodesage’s AI-powered platform streamlines modernization and accelerates employee onboarding while ensuring compliance and […]
Thousands of Romanians in the United States risk deportation at any moment under Donald Trump’s new immigration policy that targets illegal immigration, according to media reports. Less than 10 days after Donald Trump’s inauguration, over 3,500 illegal immigrants from various countries, mostly from Latin America, have already been deported, and images of them in handcuffs […]
A Memorial Route of the December 1989 Revolution will be set up in Timişoara, the western Romania city where the 1989 started. The route will include nine points marked by ground-level monuments. Where the space allows it, benches will also be added and trees planted, the Timişoara City Hall said. Each monument will feature a […]
Eltra Logis, one of the main players in the niche logistics, transport and storage market, plans to expand its warehouse capacity by another 10,000 sqm, reaching a total of 20,000 sqm in the near future. This expansion will enable the company to meet the growing demand from businesses and strengthen its market position, continuing to […]
A group of Romanian citizens stranded in the North Kivu region of the Democratic Republic of Congo due to military conflict has been successfully evacuated from the country, but not before some of them were filmed being threatened by the advancing rebels. The Romanian citizens were working as private contractors for the Congolese government, training […]
