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Banks-Insurance

Romania Sells RON182M 3-Year Bonds At 7.5% Average Yield

Romania’s Finance Ministry on Thursday sold 182.1 million lei (EUR42 million) in three-year bonds, well below the planned amount, while the average yield remained stable at 7.49% a year.

Florentina Dragu · 20.10.2011 · 15:54 · 1 min
Banks-Insurance

Romania Sells RON800M 2-Year Bonds At 7.4% Average Yield

Romania’s Finance Ministry on Monday sold a planned 800 million lei (EUR184 million) in two-year bonds, at an average yield of 7.4% a year.

Florentina Dragu · 17.10.2011 · 16:02 · 1 min
Capital Market

Romania Sells RON116.8M 1-Year T-Bills At 6.8% Average Yield

Romania’s Finance Ministry on Monday sold 116.8 million lei (EUR27.1 million) in one-year treasury bills, significantly lower than the plan, at an average yield of 6.83% a year, higher than...

Bogdan Neagu · 10.10.2011 · 16:01 · 1 min
Banks-Insurance

Romania Rejects All Bids In 5-Year Bonds Sale

Romania’s Finance Ministry on Thursday rejected for the second consecutive time all bids in a 500 million lei (EUR115.7 million) five-year bond sale, citing high yields.

Florentina Dragu · 06.10.2011 · 16:25 · 1 min
First Year Of Finance Minister Ialomitianu’s Term
Social/Politics

First Year Of Finance Minister Ialomitianu’s Term

Georghe Ialomitianu, 52, who has been Finance minister for a year, has remained a low-profile figure on the economic and political scene, but his name has been thrown around whenever a possi...

Claudia Medrega · 04.10.2011 · 00:00 · 2 min
Banks-Insurance

Romania Sells RON298M 6-Month Bills At 6.7% Average Yield

Romania’s Finance Ministry on Monday sold six-month treasury bills worth 297.5 million lei (EUR68.8 million), at an average yield of 6.69% a year.

Florentina Dragu · 03.10.2011 · 16:16 · 1 min
Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast
Macroeconomics

Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast

Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and...

Claudia Medrega · 03.10.2011 · 01:12 · 4 min
Banks-Insurance

Romania Plans To Sell RON4.2B Treasuries In October

Romania’s Finance Ministry plans to sell state paper worth 4.2 billion lei (roughly EUR965 million) in October, up from RON3.13 billion sold a month earlier, ministry data showed Friday.

Florentina Dragu · 30.09.2011 · 17:15 · 1 min
Banks-Insurance

Romania Rejects All Bids In 6-Month Bills Sale

Romania’s Finance Ministry on Monday rejected all bids in a 400 million lei (EUR93 million) six-month bills auction, citing high yields.

Florentina Dragu · 26.09.2011 · 15:57 · 1 min