finance
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Finance Ministry allows T-bill yields to start slow climb
The Finance Ministry has allowed a slight increase in T-bill interests, after having rejected the banks' bids twice. The yields have climbed less than half a point, so far. However, the mark...
Finance Ministry mulls 3% cut in social security contributions
Social security contributions will be 3% lower as of next year, as they are slated to drop to 49.5%, down from the current 52.5%, according to Finance minister Mihai Tanasescu. The minister...
Finance Ministry keeps banks away from T-bills
The financial market has lost its benchmarks, few as they were. The three-year T-bill issues have been nothing more than a "formal" instrument for two months now, which the Finance Ministry...
Finance Ministry not letting go of individuals
The treasury certificates aimed at individuals are still one of the best financing sources for the Finance Ministry. Albeit investments in such saving instruments are not as large as they us...
Finance Ministry preparing "delayed" fiscal amnesty
Frozen, erased or refinanced with money from the state budget, the arrears accumulated and generated by the state-owned companies must be solved by the Government this summer, for Romania to...
Finance Ministry reconciles with cigarette producers
The cigarette producers will no longer have to pay the contribution to the healthcare fund as of July 1, while the price of the stamps will be 35% lower for three months and then this obliga...
Finance Ministry wants $100m. Today!
The Finance Ministry managed to take the financial market by surprise on Wednesday, when it announced a T-bill issue worth $100 million, which it wants to launch today. "We can only voice co...
Finance Ministry and NBR compete over cash
No more than 18.25%. This is exactly how much both the Finance Ministry and the National Bank of Romania (NBR) are willing to pay on government securities, and one-month deposits respectivel...
Finance Ministry short of liquidity, NBR sees to inflation
Finance Ministry has given in. Pressured by the higher and higher need to finance the budget, after two months in which it had systematically rejected all the bids from banks that were tryin...