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.
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
