The ministry has scheduled four auctions in July.

One short-term debt auction is expected to bring the ministry RON700 million, while three bond issues are seen raising RON1.55 billion.

In June, the ministry missed its RON3.5 billion debt sale target due to raising yields after the central bank halted a monetary easing cycle following political tensions at home and an escalated sovereign debt crisis in the eurozone.

So far in 2012, Romania sold roughly RON36 billion in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.4494)