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Government Raises “Medium Term Notes” Program Ceiling By EUR15B To EUR90B
Banks-Insurance

Government Raises “Medium Term Notes” Program Ceiling By EUR15B To EUR90B

The “Medium Term Notes” government paper issue framework program will continue with a higher value, RON90 billion, instead of the previous RON75 billion, and the increase will allow covering the funding needs via Eurobonds on the international capital markets...

Loredana Frățilă-Cristescu · 10.01.2025 · 18:38 · 1 min
Nuclearelectrica Raises RoPower Nuclear Loan Cap To $243M
Capital Market

Nuclearelectrica Raises RoPower Nuclear Loan Cap To $243M

Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, on Tuesday announced after the trading session close at the Bucharest Stock Exchange that it had raised the cap of the...

Loredana Frățilă-Cristescu · 23.07.2024 · 22:00 · 1 min
Farmaceutica Remedia Seeks To Raise Credit Facility From Banca Transilvania To RON100M
Capital Market

Farmaceutica Remedia Seeks To Raise Credit Facility From Banca Transilvania To RON100M

Farmaceutica Remedia (RMAH.RO), one of the largest businesses in the local pharmaceutical market, is calling shareholders to vote on raising the cap of the credit facility from Banca Transil...

Loredana Frățilă-Cristescu · 17.07.2024 · 10:27 · 1 min
Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
Banks-Insurance

Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs

The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.

Loredana Frățilă-Cristescu · 16.05.2024 · 23:25 · 1 min
Romania Seeks to Cap Natural Gas Prices At RON68 Per Mwh until Feb 2022
Social/Politics

Romania Seeks to Cap Natural Gas Prices At RON68 Per Mwh until Feb 2022

Romanian Finance Minister Eugen Teodorovici announced on Tuesday, in a press conference outlining a series of new fiscal measures, that natural gas prices in the country will be capped at RO...

Oana Gavrila · 19.12.2018 · 12:36 · 1 min
OLX.ro Lowers Free Ad Cap To Preserve Strong Profit And Revenue Growth
Technology &Telecoms

OLX.ro Lowers Free Ad Cap To Preserve Strong Profit And Revenue Growth

OLX.ro, the largest online classifieds platform in Romania, held by South Africa’s Naspers, this week introduced new stricter limitations for publishing free ads for the sale of home applian...

Loredana Frățilă-Cristescu · 20.04.2018 · 11:01 · 1 min
Government Adopts Emergency Decree Capping Special Pensions
Social/Politics

Government Adopts Emergency Decree Capping Special Pensions

Romania's government on Friday adopted an emergency decree amending the law on special pensions, which can no longer be higher than the average wages on which they are based.

Oana Gavrila · 04.08.2017 · 16:23 · 1 min
Technology &Telecoms

Kelemen, Cluj IT Cluster: 15% Of Employees Affected By Government Decision To Drop Social Security Tax Cap

Some of the IT companies in Cluj will be affected by the decision of the Grindeanu/Dragnea government to drop the social security and health insurance tax cap (the tax had been previously du...

Loredana Frățilă-Cristescu · 24.01.2017 · 00:00 · 1 min
Grindeanu Government Takes Business Sector By Surprise By Dropping Social Security Tax Cap
Social/Politics

Grindeanu Government Takes Business Sector By Surprise By Dropping Social Security Tax Cap

The income of the upper management in companies and banks is under attack by the new PSD (Social Democrat Party) government, which dropped the social security tax (CAS) cap of five gross ave...

Loredana Frățilă-Cristescu · 09.01.2017 · 10:00 · 3 min