Romania's Finance Ministry raised RON961 million from banks on Monday (April 29), selling government paper in two auctions, at annual average yields of 6.14% and 6.57%, respectively.
The European Commission has approved, under EU State aid rules, Romania's plans to grant its state-owned flag carrier TAROM restructuring aid of up to EUR95.3 million (RON473.69 million). The measure will enable the company to restore its long-term viability, while minimizing competition distortions.