The Ministry of Finance (MF) is launching on Monday, 8 December 2025, the twelfth edition this year of the Tezaur government bond programme, offering individuals a new opportunity to save under favourable conditions.
"Between 8 December 2025 and 9 January 2026, Romanians can invest in Tezaur government bonds with maturities of one, three and five years and annual interest rates of 6.40%, 7% and 7.40%, respectively. The income earned is tax-free. The bonds have a nominal value of 1 leu and are issued in dematerialised form," the MF informs in a press releasr.
Government bonds can be purchased between 8 December 2025 and 7 January 2026 via the Ghiseul.ro platform, and between 8 December 2025 and 8 January 2026 online only by individuals registered in the Virtual Private Space (SPV) for bonds issued through State Treasury units.
According to the ministry, the bonds can also be bought between 8 December 2025 and 9 January 2026 at State Treasury offices; between 8 December 2025 and 8 January 2026 in urban areas, and between 8 December 2025 and 7 January 2026 in rural areas, through the postal sub-units of CN Posta Romana SA.
Income obtained from investing in government bonds issued by the Ministry of Finance is tax-free. Interest is annual and paid on the dates specified in the issuance prospectus. Bonds issued under the Tezaur Programme are transferable and may be redeemed early. Investors may make one or more subscriptions in a single issuance. Subscriptions already made may be cancelled only during the subscription period, upon submission of a request.
Individuals aged 18 or over at the time of subscription are eligible. The funds raised by the Ministry of Finance as issuer following the bond issuance will be used to finance the budget deficit and refinance public debt.
Since March this year, the Ministry of Finance has launched the first edition allowing Romanian citizens with a Ghiseul.ro account and a debit card to purchase government bonds online.
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