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Romania’s Budget Deficit Reaches 2.5% Of GDP In 2012
Macroeconomics

Romania’s Budget Deficit Reaches 2.5% Of GDP In 2012

Romania’s consolidated budget posted last year a deficit of 14.8 billion lei (EUR3.8 billion), representing 2.5% of the gross domestic product, the Finance Ministry said Friday.

Bogdan Neagu · 25.01.2013 · 17:27 · 1 min
Romania Sells RON1.1B 10-Year Bonds; Yield Falls To 5.71%
Banks-Insurance

Romania Sells RON1.1B 10-Year Bonds; Yield Falls To 5.71%

Romania’s Finance Ministry on Thursday sold 1.1 billion lei (EUR251 million) in 10-year treasury bonds, above the planned amount, with the average yield dropping to 5.71% a year, the lowest...

Florentina Dragu · 24.01.2013 · 15:49 · 1 min
Romania May Exit EU’s Excessive-Deficit Procedure By June - FinMin
Macroeconomics

Romania May Exit EU’s Excessive-Deficit Procedure By June - FinMin

Romania’s harsh cost-cutting measures implemented in 2009-2011 are finally paying off and the country could exit the European Union’s excessive-deficit procedure in May or June this year, th...

Florentina Dragu · 22.01.2013 · 17:57 · 1 min
Romania Raises EUR502.5M In Eurobond Sale; Yield Hits Record Low
Banks-Insurance

Romania Raises EUR502.5M In Eurobond Sale; Yield Hits Record Low

Romania’s Finance Ministry Tuesday raised EUR502.5 million at its first euro-denominated bond sale of 2013, more than thrice the planned amount, with the average yield dropping to a record l...

Florentina Dragu · 22.01.2013 · 16:38 · 1 min
Finance Ministry Sells RON300M 6-Month Bills At 5.5% Average Yield
Banks-Insurance

Finance Ministry Sells RON300M 6-Month Bills At 5.5% Average Yield

Romania’s Finance Ministry on Monday sold a planned 300 million lei (EUR69 million) in six-month treasury bills, at an average yield of 5.53% a year, lower than at the previous auction.

Florentina Dragu · 21.01.2013 · 15:44 · 1 min
Romania Sells RON3.1B 5-Year Bonds; Yield Hits All-Time Low Of 5.4%
Banks-Insurance

Romania Sells RON3.1B 5-Year Bonds; Yield Hits All-Time Low Of 5.4%

Romania’s Finance Ministry on Thursday sold 3.1 billion lei (EUR715 million) of five years bonds, sixfold the planned amount, as the average yield dropped to a record low of 5.4% a year.

Florentina Dragu · 17.01.2013 · 16:36 · 1 min
Romania Sells RON2.9B Debt At Two Auctions
Banks-Insurance

Romania Sells RON2.9B Debt At Two Auctions

Romania’s Finance Ministry sold state paper worth 2.91 billion lei (EUR664 million) at two auctions Monday, well above the planned amount, as yields continued a downward trend started in the...

Florentina Dragu · 14.01.2013 · 15:49 · 1 min
Romania Plans EUR150M Three-Year Eurobond January 22
Capital Market

Romania Plans EUR150M Three-Year Eurobond January 22

Romania’s Finance Ministry plans to raise EUR150 million at a euro-denominated bond sale on the local market January 22, the ministry said Monday.

Florentina Dragu · 14.01.2013 · 13:59 · 1 min
Romania Sells RON1.82B 4-Year Bonds At 6.03% Average Yield
Banks-Insurance

Romania Sells RON1.82B 4-Year Bonds At 6.03% Average Yield

Romania’s Finance Ministry on Thursday sold 1.82 billion lei (EUR416 million) in four-year government bonds, threefold the planned amount, at an average yield of 6.03% a year, lower than at...

Florentina Dragu · 10.01.2013 · 15:42 · 1 min