Starting on August 12, Romanians can buy Tezaur retail government bonds with maturities of 1 and 3 years and paying annual interest rates of 5.8 pct and 6.6 pct, respectively, the Finance Ministry announced on Friday.The government bonds can be purchased online between August 12 and September 5, only by individuals who are registered in the private virtual space for securities issued through the State Treasury outlets. Between August 12 and September 6, the government bonds can be purchased from the State Treasury outlets, and from post offices between August 12 - September 5 in urban areas, and between August 12 - September 4 in rural areas.The interest is annual, payable at the due dates provided for in the issue prospectus. Also, the government bonds issued under the Tezaur Program are transferable and can be redeemed in advance. An investor can make one or several subscriptions within an issue. Investors have the possibility to cancel subscriptions already made only during the subscription period, by submitting an application, the release states.According to the cited source, natural persons who have turned 18 by the date of subscription are eligible."Incomes obtained from investing in government securities issued by the Finance Ministry are non-taxable", the Ministry said.The Finance Ministry will use the funds raised through this issue to finance the budget deficit and refinance the public debt.The fourth edition of the 2024 Fidelis government securities program is running during the same period, being promoted on Rock FM's Morning Glory show; blood donors receive an extra percentage point on interest."The tranche dedicated to blood donors applies to government securities denominated in RON, with a one-year maturity and an interest rate of 6.80 pct p.a. Another facility for blood-donating investors is the tenfold reduction of the minimum subscription threshold from RON 5,000 to RON 500. The subscription period is August 8 - 20, 2024," the release states.
Romanian renewable energy contractor Parapet said that it signed seven contracts with Alerion, an Italian player in the green energy sector, listed on the Milan stock exchange market. The solar projects - Sass Maor, Ambiez, Dănești, Sant’Agata, Torremaggiore, Gavorrano, and Grottole Verga - total nearly 80.8 MWp of installed capacity and will be carried out […]
Health minister Alexandru Rogobete announced that his ministry is developing a new digital platform designed to gather real-time feedback from medical professionals and patients. In a message posted on social media, he said the initiative aims to bring decision-makers closer to those working in the healthcare system and to ensure that future reforms reflect their […]
Film fans of all ages have many options to chose from as several festivals are happening in Bucharest, while Cluj audiences can enjoy a series of jazz concerts. In Bucharest: ...
Romanian Liberal Party (PNL) member of Parliament Raluca Turcan has submitted two legislative proposals aimed at tightening regulation of the gambling industry, including a measure that would raise the minimum legal age for gambling from 18 to 21. The initiative, filed in Parliament on November 5, seeks to strengthen protections for young people’s emotional and […]
Republican and Democratic lawmakers slammed the Pentagon on November 4 for not briefing them on national security issues and said at times top defense officials appeared to be undermining US president Donald Trump's own policies, in a rare bipartisan show of frustration with the administration, Reuters...
OMV Petrom, Romania’s largest energy company, will reduce its workforce by about 1,000 employees - roughly 10% of its total staff - as part of a cost-cutting programme prompted by lower oil prices, Economica.net reported. Half of the planned reductions have already been completed, with most of the remaining cuts expected in 2025. ...
