Finance Ministry
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Finance Ministry releases new bonds in foreign currency. Is ‘club loan 2’ next?
The Finance Ministry is trying to sell 400 million euros’ worth of bonds in Bucharest today and sources on the market say that there are also talks for a new ‘club loan’ like that in J...
Patriciu: The Finance Ministry does not have money because it doesn't know how to make it
Billionaire Dinu Patriciu, the wealthiest Romanian, is further lashing at the Romanian political class, which he accuses of “stupidity”, but on which Romania's exit from this crisis neverthe...
State braces for 1.4bn-euro debt peak in October
The Finance Ministry’s need for RON will remain significant in autumn, with short-term securities issued in the last quarter of 2008 and the first half of 2009 already starting to mature.
Finance Ministry returns 255m euros worth of VAT in one month
Big news for companies: fiscal authorities have decided to pay back around 255m euros this month, representing VAT-related accumulated arrears due to be refunded, announced Finance minister...
Finance Ministry could pay 5% interest to take up to one billion euros via a club loan
The Finance Ministry could offer up to 5% in yearly interest for euros to the banks participating in the up to one billion euro credit to be arranged as a club loan in about two weeks, banki...
Finance Ministry expects public debt service to rise 4.4 times
The Ministry of Public Finance has revised the public debt service upwards, expecting it to reach 57.3 billion RON (13.5 billion euros) at the end of the year, up 4.4 times against 2008.
Finance Ministry is trying to put up for sale long-term bonds in RON
The Ministry of Finance intends to launch bond issues with maturities of 10, 15 or even 20 years, aimed mainly at pension funds and insurance companies.
Yields offered by Finance Ministry could exceed 13%
The Economy and Finance Ministry is now paying 13% yields for T-bills and analysts say that the state will borrow more and have to agree to higher yields over the last few months of the year...