CITY HALL
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Alba Iulia City Hall Lists EUR30M Bond Issue On Bucharest Stock Exchange
Alba Iulia City Hall—a pioneer with over two decades of capital market tradition— On October 15 listed a new 10-year municipal bond issue totaling EUR30 million on the Regulated Market of the Bucharest Stock Exchange (BVB).
Bucharest City Wants To Raise Up To RON2.2B In Several Bond Issues
The city of Bucharest plans to raise up to 2.2 billion lei (EUR500 million) in several bond issues to fund the repayment of a 10-year bond that falls due in June, market sources told Mediafa...
Romanian Government Approves RADET- ELCEN Merger - Sources
Romania’s government approved Wednesday the merger of heating distributor RADET and thermal power producer ELCEN, people close to the matter told Mediafax Wednesday.
Local Authorities Must Cut Arrears By 85% In Two Months - Draft
Romanian local governments that register arrears at the end of January 2013 will be obliged to reduce them by at least 85% in two months, otherwise the state treasury will limit payments fro...
Bucharest Authorities Want To Contract Credit Lines Of About EUR100M
Bucharest’s sector 6 city hall wants to contract a credit line of up to 240 million lei (EUR53.8 million) to finance building thermal rehabilitation projects, and the capital’s sector 4 mayo...
Government Lowers Cap On Refundable Financing Local Authorities May Contract In 2013-2015
Romania’s Government on Tuesday lowered the cap on annual reimbursable financing local authorities may contract between 2013 and 2015 to stay within the consolidated budget deficit target.
Bucharest Authorities Approve Memorandum To Take Over ELCEN
The Bucharest Council on Thursday approved a memorandum whereby thermal power producer ELCEN will be taken over by the City Hall.
Romania May Stop Funding City Halls Which Spent Money From Previous Government Improperly
Romania’s Finance Ministry will stop payments from income tax and VAT collections provided to local authorities, for the city halls which received money from the Government's reserve fund du...
Sorin Oprescu Reelected Mayor Of Bucharest – Official
Sorin Oprescu has been reelected Mayor of Bucharest, with 54.79% of the votes cast Sunday, while the runner-up, PDL deputy Silviu Prigoana, got 17.12% of the ballot, according to the final r...