The minister of finances (MF) planned, in November 2021, loans from the commercial banks of 4.4 billion lei, out of which 400 million lei in an emission of treasury bonds with discount and 4 billion lei through a new emission of state bonds.Another 600 million lei is added through supplementary sessions of non-competitive offers, with bonds bidding. The total sum, of five billion lei, is with 630 million lei under that of 5.63 billion lei programmed for October 2021 and it will be destined to the refinancing of the public debt and the financing of the state budget.According to the prospect, MF programmed on 4th November, the bidding for an emission of certificates with discount, worth 400 million lei, with maturity on 23rd May 2022.Similarly, during the month there will be launched nine emissions of bonds benchmark type with a total worth of four billion lei, followed the next day by a supplementary session of non-competitive offers, worth 15% of the initial value of the emission of bonds (630 million lei as a total).The emissions will be 400 million lei (six emissions), 500 million lei (two emissions) and 600 million lei (two emissions), 600 million lei (one emission).
The Hanwha Group, a major South Korean arms manufacturer, intends to build an arms factory in Romania's southern Dâmbovița county within two years, with the prospect of it becoming a regional hub for systems, maintenance, and repairs. The announcement was made by Michael Coulter, CEO of Hanwha Global Defense, during a meeting with Romanian journalists. "In […]
The 10th edition of the Jazz in the Church festival will be held at the Lutheran Church in Bucharest from May 8 to 11, 2025, featuring a mix of artists recognized for their contributions to European jazz, as well as new artists. Among the major names on the lineup are Swiss artist Nik Bärtsch and […]
The famous Constanța Casino on the Romanian Black Sea coast has been fully restored and will be officially handed over to the Constanța City Hall in the coming days, the Ministry of Development has announced. The final inspection for the completion of the restoration work is scheduled for March 20, marking the last step before […]
Romania is one of five countries - alongside Bulgaria, Croatia, Italy, and Slovakia - where the executive has "deliberately undermined the rule of law in almost every aspect," according to a report by the Civil Liberties Union for Europe, or Liberties. Liberties launched its annual exercise in 2019 to track the European Commission’s rule-of-law reports, […]
Artiss Gallery is set to open a new exhibition, Temporal Harmonies: From Classical to Contemporary in Visual Art, at the Noblesse Palace in Bucharest on March 26. The event will feature a diverse selection of works from iconic classical painters like Theodor Aman to internationally recognized contemporary artists such as Adrian Ghenie. The exhibition highlights […]
Romania is assisting North Macedonia after the deadly nightclub fire on Sunday, March 16, by transporting four patients to hospitals abroad. The fire that broke out at a club in Kočani claimed the lives of at least 59 people and injured 155 others. The four young people in critical condition are being flown to Lithuania […]
