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Sursa foto: Financial Times The Finance Ministry on Friday raised 90 million lei from banks in addition to an auction on Thursday, when it borrowed 571.8 million lei, at an interest rate of 2.43% per annum in a benchmark government bond issue with a residual maturity of 42 months, according to data published by the National Bank of Romania (BNR). The nominal value of the additional issue was 90 million lei, and the banks submitted bids for 95 million lei. The Finance Ministry has planned to borrow 4.6 billion lei this June from commercial banks, of which 1.1 billion lei in two issues of discounted treasury certificates and 3.5 billion lei in seven government bond issues. Adding up to that will be 525 million lei to be borrowed at additional sessions of non-competitive bids related to bond auctions ....
Sursa foto: mpinteractiv.ro Prime Minister Florin Citu contradicted on Thursday some scenarios according to which Romania s public debt will increase as a result of the fact that the country will borrow 15 billion euros under its National Recovery and Resilience Plan (PNRR), insisting that the loans are intended for investment, not consumption. If nominal Gross Domestic Product (GDP) outgrows public debt, debt will actually fall. And there are these scenarios that show us that it is indeed falling. Now I tell you the golden rule in finance and I tell you what any economist in the world will say: if you borrow for investment, it is ok and what we do under PNRR is borrow for investment, not for consumption. Investment is what adds value, investment is what creates jobs, and only through investment can one have strong economic growth without inflation, sustainable economic growth. So here things are very clear, very transparent: we do not borrow for consumption, and I can te ....
Two new beach wheelchairs donated for Waihī Beach 3 Mar, 2021 03:03 PM 3 minutes to read Goldfields student Madison Snow having fun at Anzac Bay in one of the beach wheelchairs with teacher aid Michelle Kleynhans. Photo / Anna Schroeder Goldfields student Madison Snow having fun at Anzac Bay in one of the beach wheelchairs with teacher aid Michelle Kleynhans. Photo / Anna Schroeder Bay of Plenty Times By: Chris Steel Two new beach wheelchairs have been donated by the Waihī Beach community after seeing the tremendous support a borrowed one made over summer. One wheelchair was donated by a beach resident and the other by Waihī Beach LJ Hooker Real Estate. ....
Thursday, 25 February 2021 - 20:04 State Minister Ajith Nivard Cabraal states that a follow up and review will be carried out at the end of this year regarding the resumption of vehicle imports. He stated this at a media briefing held at the Ministry of Finance today. Attygalle also commented. Meanwhile CBSL stated the reasons for the Repatriation and Conversion of Export Proceeds stating why were these measures needed? On 18 February 2021, the Monetary Board issued Rules in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lanka rupees, and also issued Operating Instructions to Licensed Banks on the same. ....