The Ministry of Finance (MF) has planned, in April 2024, loans from commercial banks in the amount of 6 billion RON, to which the amount of 780 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.The total amount, of 6.78 billion RON, is 260 million RON higher than the one that was scheduled in March 2024, of 6.52 billion RON, and will be intended for refinancing the public debt and financing the budget deficit of state.According to the prospectus published in the Official Journal, on April 1, an auction will be organized for an issue of treasury certificates with a discount, in the amount of 400 million RON, with maturity on October 23, 2024, and on March 14, an auction will be organized for an issue of 400 million RON, due on March 26, 2025.Also, during April 2024, 12 issues of benchmark bonds will be launched, with a total value of 5.2 billion RON, followed the next day by an additional session of non-competitive offers, with a value of 15% of the initial value of the bond issue (780 million RON in total).Thus, auctions were scheduled for a bond issue of 300 million RON, on April 1, seven issues of 400 million RON, on April 1, April 4 (two issues), April 11, April 15, April 15 and April 25 ( two), three issues of 500 million RON, on April 22 and 29 (two) and one of 600 million RON, on April 18.
The BET index, which follows the price movements of the most traded 20 companies listed on the Bucharest Stock Exchange (BVB), closed 2024 up 8.78% compared with the end of 2023. The BET closed at its highest end-of-year value since launch (16,720 points) but 11% below its all-time high of 18,800 points touched at the […]
2024 is almost over, and before making any predictions, hopes or wishes for 2025, I will take this moment to look back and remember the pics that stayed with me most in the past months. I will try to go in the order that I watched each, and I also included all trailers below […]
Update: The government will pass the ordinance covering measures aimed at reducing public spending and the budget deficit, prime minister Marcel Ciolacu announced. The PM said the country was facing “a difficult year ahead” and “we must quickly adopt measures that will protect Romania from possible major financial risks.” The tax on special constructions, which […]
The Government is scheduled to meet on Monday, December 30, to discuss the emergency ordinance covering measures aimed at reducing public spending and the budget deficit. The Ministry of Finance published the draft ordinance on Sunday, December 29. It is available here. Among the measures included in the draft ordinance, also known as "the austerity […]
Romania’s Ministry of Finance (MF) raised RON 2.6 billion (EUR 523.1 million) through its sixth Fidelis government bond issuance of 2024, setting an annual record of RON 16.4 billion...
UniCredit Bank, one of Romania's leading financial institutions and a member of the UniCredit Group, has announced the listing of a new corporate bond issue worth RON 750 million (EUR 150 mln) on the Bucharest Stock Exchange (BVB). The bonds, issued under the ticker symbol UCB29, are set to mature on November 22, 2029. The […]
