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 City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
PPC blue Romania, the electric mobility division of the PPC group, announced the expansion of its national charging infrastructure through the acquisition of the Hermes Flow network, adding 116 new charging points for electric vehicles. Most are located in the Bucharest-Ilfov region, with the rest in 10 other counties. Once fully integrated, users will have […]
Developer Nusco announced on Thursday, November 27, that it has obtained the construction permit for Phase III of the Nusco City project, which will continue the development of one of the largest urban revitalization projects in Bucharest. Mirroring Phase II, this stage will consist of seven buildings with an estimated investment of over EUR 150 million. […]
Romanian tennis player Iulian Chiriță secured two medals at the ITTF World Youth Championships 2025 in Cluj-Napoca, after qualifying for the finals in the mixed and men’s doubles. In mixed doubles in the Under-19 juniors’ competition, Chiriță and Welsh player Anna Hursey defeated the French pair Flavien Coton/Leana Hochart 3-2 in the quarterfinals, and in […]
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
