The ministry of finances (MF) has planned, for May 2022 loans from the commercial banks worth 2.4 billion lei out of which 200 million lei through an emission of treasury bonds with discount and 2.2 billion lei through eight emissions of state bonds.This plus another 330 million lei through supplementary sessions of non-competitive offers, through bond auctions.The total sum of 2.73 billion lei is with 675 million lei under that of 3.405 billion lei programmed for April and will be destined to the refinancing of the public debt and the financing of the deficit of the state budget.According to the prospect published in the Official Gazette, MF has programmed on 12th May the auction for an emission of discount bonds worth 200 million lei with maturity on 29th March 2023.Similarly, during May there will be launched eight emissions of benchmark bonds worth 2.2 billion lei, followed the second day by a supplementary session of non-competitive offers worth 15% of the initial value of the bonds emissions (330 million lei as a total).Thus, in the fifth month of this year there were programmed six emissions of 300 million lei on 2nd, 5th, 9th, 16th, 19th and 26th May and two of 200 million lei on 12th May and 23rd May respectively.
Romanian prosecutors conducted searches on Friday, November 7, at the headquarters of the steel mill Liberty Galați and in several counties, in a case of embezzlement and tax evasion that includes Russian gas giant Gazprom, Economedia.ro reported. Specifically,...
Romania has begun testing the US-supplied Merops anti-drone system as part of wider NATO efforts to strengthen air defenses on the alliance’s eastern flank, defense minister Ionuț Moșteanu told local news channel Digi24. The system, already used in...
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
