The Ministry of Finance has planned, in January 2023, loans from commercial banks in the amount of 4.7 billion RON, of which the sum of 645 million RON can be added through additional sessions of non-competitive offers, related to bond auctions .The total amount, of 5.345 billion RON, is 315 million RON higher than the one that was scheduled in December, of 5.03 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.According to the prospectus published in the Official Gazette, the institution scheduled, on January 9, 2023, an auction for an issue of treasury certificates with a discount, in the amount of 400 million RON, due on December 27, 2023.Also, in January, nine issues of benchmark bonds will be launched, with a total value of 4.3 billion RON, followed the next day by an additional session of non-competitive offers, with a value of 15 pct of the value initial bond issue (645 million RON in total).Thus, seven auctions were scheduled for issues of 500 million RON - on January 9, January 12 (two auctions), January 16, January 19, January 26 (two auctions) and two other auctions for issues of 400 million RON, on January 5, 2023.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
