Romania's Finance Ministry raised RON1.7 billion from banks on Thursday (July 10), selling government paper in two auctions, at annual average yields of 6.85% and 7.31%.
The three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies' leu-denominated loans, continued its downward trend and dropped to 6.75% on Thursday (July 10) from 6.77% on Wednesday (July 9).
METRO Cash&Carry, which operates on the cash & carry segment, where it owns a network of 30 stores, wants to open three more large stores in the coming years, though slightly smaller than the already existing ones.