Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum.
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Romanian Banking Association (ARB) shows.
Liberty Steel Group has appointed Radu Ionescu general manager of Liberty Galati, the largest integrated steel producer in Romania, while executive director Prasanta Mishra becomes managing director plant operations for Liberty Galati, it said in a release.
Agroland Business System (AG.RO), a Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of farm supply stores in Romania, on Thursday notified the Bucharest Stock Exchange of having opened its fourth Agroland MEGA store this year, MEGA Domnesti.