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interest rates and maturities that Romanians
can access
in in the future” said Eugen Teodorovici the the Minister of Finance Starting October 7 2019 Romanians
can subscribe for new issues of government bonds exclusively for the the population within the the Tezaur Program frame with with maturities of of 1 2 and and 3 3 years and and and annual interest rates of of 3 3 5% 5% 4% and and 4 4 5% respectively The related income is non‐taxable The individuals who are 18 years old at the the time of the the subscription are eligible “The cap of the the amounts that can be be invested by individuals in in in in these programs has been eliminated Investors have the the possibility to to cancel the the subscriptions already made by submitting an an application only during the the subscription period” the the Ministry of Finance specifies The government bonds are in in dematerialized form and have a a a a a a a a a a a a nominal value of 1 lei They are transferable and can be redeemed in advance In case of death the the ownership rights over over the the government bonds are transferred to the the the heirs who can present the the the legal documents that attest their quality According to the the Ministry of of Finance the the the issuance of government bonds for the the population will will continue throughout 2019 Each subscription period will will be be three weeks and maturities will be be determined according to to the interest shown by investors Number One
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Photo ECOFIN