Finance Ministry approves RON 1 billion treasury certificates auction

Finance Ministry has given green light for a RON 1 billion auction to sell treasury certificates with one year expiration.

This is part of the Finance Ministry plan made public this month according to which the Romanian institution plans to attract RON 4.6 billion from banks, through 6 emissions of treasury certificates and state bonds.

Since the beginning of the year the Ministry has contracted on the local market some RON 25 billion.

Romanian authorities have set an initial budgetary target of 5.9 percent from the GDP for the end of the year, but this target was increased to 6.8 percent.

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D.C.