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 Romanian city of Alba Iulia has entered the Guinness World Records after building the world’s longest table made from recycled materials, stretching more than 2.7 kilometers around the historic Alba Carolina Citadel. Organized by Bloom The World and its partners, the event, named Masa Care Unește/The Table That Unites, drew over 10,000 guests from […]
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
