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.
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
President Nicușor Dan said the “rule of law is not negotiable” and stressed that serious problems affecting the justice system can be resolved, as public concern grows following allegations of corruption highlighted in a recent investigative documentary by Recorder titled “Captured Judiciary.” People
