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Finance Ministry gives up taking loans from commercial banks, will use the buffer

Finance Minister Eugen Teodorovici has announced on Tuesday he has decided that the ministry will not take any more loans from the domestic market, adding that the treasury has the needed amounts of money for at least six months. The decision comes after the developments on Monday, when the Finance Ministry tried to get loans amounting to RON 400 million from commercial banks. The 7 primary dealers submitted several offers of about 30% of the demanded amount, but the ministry turned ...

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