|Banks accepted an average yield of 6.32% at yesterdays 5-month treasury auction and purchased by 21% more bills than the target issue size, the central bank reported. The banks placed offers for RON 2.8bn for the RON 1bn auction and eventually purchased RON 1.21bn. The average yield thus decreased from 6.82% in the auction with the closest maturity (6 months) on March 16, witnessing a high volatility of the interest rates on short maturities.
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more