Romanians can borrow from the state through the Tezaur program with repayment terms of 1, 2 and 3 years and annual interest rates of 6.70%, 7.30% and 7.70% respectively. They can do this from Wednesday, the Ministry of Finance reports.

Government securities have a nominal value of 1 lei and are in dematerialized form.

You can buy:

• In the period from April 12 to May 11, 2023, online, only by natural persons who are registered in the SPV. Operations that can be carried out online are: opening a subscription account in the name of the investor in the selected body of the State Treasury, subscription to TEZAUR state securities, transfer of amounts from the investor’s subscription account to a bank account in the name of the investor. For more information about online subscriptions, visit Online Thesaurus Guide and Online Thesaurus;

• April 12 – May 12, 2023 from the bodies of the State Treasury;

• In the period from April 12 to May 11, 2023 in urban areas and from April 12 to May 10, 2023 in rural areas through postal units of CN Poșta Română SA

“Interest is annual, paid on the terms stipulated in the issue prospectus. In addition, government securities issued under the TEZAUR program can be transferred and redeemed in advance. An investor can make one or more subscriptions within the issue. Investors have the option of canceling already issued subscriptions only during the subscription period, by submitting an application,” the message says.

Individuals over the age of 18 on the day of subscription may participate. Income received from investing in a savings offer launched by the Ministry of Finance is not taxed.