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.
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
Investment company Solida Capital Europe entered the Romanian real estate market with the acquisition of the Victoria Center office building from Manova Partners, formerly Macquarie Group. The purchase price has not been disclosed. Victoria Center has a landmark position on Calea Victoriei, in the heart of Bucharest’s CBD. It offers roughly 8,600 square meters of […]
