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 number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
