The Executive will have the possibility to diversify the financing instruments made available by governments and governmental entities for projects of national strategic interest, including national defense and security, such as accessing funds, under advantageous financial conditions, through the Foreign Military Financing (FMF) mechanism offered by the US administration to the governments of other states."Under the FMF mechanism, funds of up to USD 4 billion are approved for direct loans, with the possibility of repayment in 12 years, after a one year grace period, at an advantageous interest rate (close to the US financing cost, to which a margin is added), as well as funds of up to USD 8 billion, attracted by taking out loans from the financial markets, guaranteed by the US government. In addition to the contracts for the acquisition of military technique/equipment of the Ministry of National Defense, other contracts carried out by state-owned companies that are part of the National Defense Strategy and that could be eligible for financing under this mechanism have been identified," the government informs in a press release on Wednesday.The piece of legislation approved by the government in Wednesday's meeting introduces new regulations to allow the online purchase of Treasury bonds, in the context in which the Ministry of Finance is preparing the implementation of new technical solutions that allow the purchase of Treasury bonds including online, which will allow a more comprehensive distribution of these securities, with new ways of subscription and payment at maturity, the release explains."The Ministry of Finance thus responds to requests to facilitate access to the purchase of Treasury bonds including to persons with Romanian citizenship in the diaspora and expands the investor base of individuals, contributing to the development of the domestic market of government bonds and supporting the financing process of the Romanian state on the domestic market through these instruments," the government also says.
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland. The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I...
