Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Ministry of Finance plans loans of 6.78 billion...

Ministry of Finance plans loans of 6.78 billion RON from banks in April 2024

April 23, 2024

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.    

Read in full - click here
Romanian restaurant chain Spartan nears EUR 50 mln turnover in 2023, plans local and international expansion

Romanian restaurant chain Spartan, which local entrepreneur Stefan Mandachi sold last year to the brand’s main franchised investors, said it recorded a turnover of EUR 48 million in 2023 and announced plans for local and international expansion. The quick-service restaurant network has reached 75 locations and sold Greek-inspired products to over 7 million customers last […]

Romanian Remote Butler app to include people with disabilities among waiters

Remote Butler, an app developed by an IT company from Cluj-Napoca, Romania, that allows registered waiters to practice their profession regardless of their location, will also include people with disabilities. Moreover, it will also use sign language to make it more pleasant for people with speech impairments to access the services of the restaurants they […]

Techsylvania 2024: Your gateway to innovation, inspiration, and networking excellence

Techsylvania, the premier tech conference renowned for its ability to unite visionaries in the world of technology, is gearing up for its highly anticipated event in 2024. With a focus on fostering collaboration, sparking innovation, and providing unparalleled networking opportunities, Techsylvania 2024 promises to be an event like no other. Among the most exciting aspects […]

Behind the Scenes of the International School of Bucharest’s Student’s Led TEDx

‘Small actions influence significant and unforeseen consequences’ This is the root of the Butterfly Effect and the theme behind the inaugural edition of TEDx ISB. We are thrilled to share the resounding success of this event’s first edition, held on the 6th of April 2024. TEDx events are...

UAE-based airline flydubai opens new office in Bucharest’s Eminescu Offices

flydubai decided to open a new office in Bucharest, in the Eminescu Offices building, according to Cushman & Wakefield Echinox, the real estate consultancy company that brokered the lease. Founded in 2008, flydubai is a low-cost airline based in the United Arab Emirates (UAE).  Elena Iaru, Consultant Office Agency, Cushman & Wakefield Echinox, said: “We […]

Alstom completes new maintenance depot for electric trains in Bucharest

Alstom announced on April 23 that it completed a new maintenance facility in Bucharest for electric rolling stock. According to the company, Alstom Grivita Depot is Romania’s first established depot dedicated to the maintenance and testing of electric trains and locomotives. The first EMU from...