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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania's Finance Ministry borrows euro at negative rates

Romania's Finance Ministry managed to borrow euro from local banks at negative rates, finance minister Dan Vilceanu said in a Facebook post quoted by Agerpres.

It is only the second time when this happens after former finance minister (and current prime minister) Florin Citu managed the same performance last year.

"At a time when the market trend shows a rise in interest rates, the Ministry of Finance has managed, for the second time, a negative interest rate loan. Today's issue is worth EUR 176.25 million at average / maximum negative yields of -0.04% / -0.01% and maturity at 2.3 years," Vilceanu wrote.

The Finance Ministry was looking to borrow EUR 100 mln through this bond issue, and the offers from banks totaled EUR 312 mln, according to data from Romania's National Bank (BNR).

(Photo: Tibor Duris/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania's Finance Ministry borrows euro at negative rates

Romania's Finance Ministry managed to borrow euro from local banks at negative rates, finance minister Dan Vilceanu said in a Facebook post quoted by Agerpres.

It is only the second time when this happens after former finance minister (and current prime minister) Florin Citu managed the same performance last year.

"At a time when the market trend shows a rise in interest rates, the Ministry of Finance has managed, for the second time, a negative interest rate loan. Today's issue is worth EUR 176.25 million at average / maximum negative yields of -0.04% / -0.01% and maturity at 2.3 years," Vilceanu wrote.

The Finance Ministry was looking to borrow EUR 100 mln through this bond issue, and the offers from banks totaled EUR 312 mln, according to data from Romania's National Bank (BNR).

(Photo: Tibor Duris/ Dreamstime)

andrei@romania-insider.com

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