Ministry
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Finance Ministry targets more money by curbing evasion
Economy and Finance Ministry intends to introduce new legislative measures on collection of excise duties and VAT and intensify control to fight tax evasion in order to boost budget revenues. "We are devising together with ANAF (The National Fiscal Administrat...
Transport Ministry asks for 600m euros at budget adjustment
The Ministry of Transport has asked to be awarded around 600 million euros at the next budget adjustment, in order to speed up road and railway infrastructure projects. Priorities include th...
Finance Ministry sells only half of T-Bills in H1
The Ministry of Economy and Finance (MEF) sold T-Bills worth half the originally estimated value in the first six months, but the estimated value of issues in the first three quarters reache...
Finance Ministry gets 1.9bn RON from domestic banks
At the end of last week the Finance Ministry turned to the domestic market to cover its temporary cash needs, and raised no less than 1.9bn RON (517m euros) from domestic banks, in a one-wee...
Finance Ministry should borrow for short term
"In several months, inflation trends will become more predictable, and interest rates will also become more predictable at that moment. On the other hand, we can see the cash surplus is conc...
NBR asks Ministry of Finance to target budget deficit
The inflation target set by the NBR (National Bank of Romania) should be supported by a similar commitment from the Ministry of Finance regarding the budget deficit, according to Mugur Isare...
2.2bn-euro bonds sold by Finance Ministry this year
Liquidity on the monetary market fell sharply at the end of last month. In April alone, the Treasury absorbed 1.5 billion RON by selling T-bills. If adding the T-bills issued in the first tw...
Raiffeisen: Bonds from Finance Ministry could help strengthen the RON
The bond issue worth 1.5 billion RON (some 441 million euros) announced for March by the Finance Ministry, could have a marginal impact on the exchange rate of the RON, amid potentially bigg...
Ministry of Finance prepares Supervisory Board for CEC
The Ministry of Finance, sole shareholder of the CEC (Romanian Savings Bank), intends to separate the executive management of the bank from its management-supervision structure and set up a...