Romania launched a bond issue on international markets for the first time this year on Wednesday, to take advantage of improved sentiment after the Bucharest government adopted the necessary reforms to reduce the budget deficit, Bloomberg reports. Romania is offering euro-denominated bonds maturing in 2033 and 2044, as well as dollar-denominated bonds maturing in 2036, sources revealed to the media. The seven-year euro bonds are quoted at 250 basis points above the reference rate (mid-swap), while the ten-year bonds are quoted at 325 basis points over the mid-swap rate. Additionally, the U.S. dollar bonds maturing in 2036 are quoted at 210 basis points above U.S. Treasury bonds of the same maturity. The projected annual financing plan for this year is approximately 265–275 billion lei, intended to cover a budget deficit of 6%–6.4% of GDP and to refinance maturing public debt. In terms of funding sources, it is estimated that around 160–170 billion lei will be raised from the domestic market and approximately €21 billion from the international market, according to a draft Government Decision published at the end of January this year. According to the Ministry of Finance, the document’s initiator, the estimated volume on the international market will be raised through €10 billion in eurobond issuances, with the remainder expected to be secured through loans under the PNRR and SAFE programs, loans from international financial institutions, and private placements. Additionally, in 2026, eurobonds worth approximately €3.25 billion will mature: €750 million on February 26, €1.56 billion on September 27, and €940 million on December 8, 2026.
Romanian Iulia Neagu, a PhD in physics at Harvard, sold the artificial intelligence startup Quotient to the American, Romanian-founded data giant Databricks. The two companies aim to improve the way AI agents are used in production environments, are evaluated, and optimized. The startup was launched in 2023 to create systems capable of measuring and improving […]
Authorities in Bucharest have passed regulations to drastically limit the use of fireworks throughout the year. Companies that organize pyrotechnic shows will have to pay a fee of RON 500 (EUR 100) per minute and will need the approval of the City Hall. The new measures were approved by the Bucharest General Council and are […]
The Islamic government in Tehran warned Romania that providing bases to the US airforce amounts to participation in the attacks against it, according to a series of statements offered on Monday, March 16, by a spokesman of the Iranian Ministry of Foreign Affairs. The spokesman argued that Romania's support for the US “would incur international responsibility […]
Restaurant technology startup Choice has raised USD 7.1 million in new funding as it accelerates its expansion across Central and Eastern Europe (CEE), including Romania. The company entered the Romanian market in 2025 and has already attracted its first paying restaurants. The funding round was led by Portuguese venture capital fund Alea Capital, with participation […]
The Organization for Economic Cooperation and Development (OECD) released a report regarding Romania and its path to becoming a member on Monday, March 16, in an event attended by the organization's secretary general, Mathias Cormann, and prime minister Ilie Bolojan, among other officials. The report underscores the need to improve the long-term sustainability of Romania’s...
The Sand Marathon (Maratonul Nisipului), one of Europe’s most distinctive beach running competitions, will return to Constanța, on the shores of the Black Sea, on May 17, for its 11th edition. The event will take place on Zoom Beach and marks the beginning of a new decade for the competition under the theme Next Wave. […]
