The Romanian Finance Ministry announced on Monday the launch of the first 2026 edition of the Tezaur treasury bonds programme, offering annual interest rates of up to 7.4%.
Starting Monday, 12 January, until Friday, 6 February 2026, Romanian citizens can invest in Tezaur government bonds with maturities of one, three, and five years. The annual interest rates are set at 6.4%, 7%, and 7.4% respectively. The bonds have a nominal value of RON 1 and are issued in dematerialised form.
Investors can purchase the bonds through the following channels:
- Ghiseul.ro platform: Between 12 January and 4 February 2026.
- Online via the Private Virtual Space (SPV): Between 12 January and 5 February 2026. This option is available to individuals registered in the SPV for bonds issued through State Treasury units. Available online operations include opening a subscription account, subscribing to Tezaur bonds, and transferring funds from the subscription account to a personal bank account.
- State Treasury units: Between 12 January and 6 February 2026, directly at Treasury locations.
- Posta Romana units: Between 12 January and 5 February 2026 in urban areas, and 12 January and 4 February 2026 in rural areas.
Income generated from government bonds issued by the Finance Ministry is tax-exempt. Interest is paid annually on the dates specified in the emission prospectus.
Tezaur bonds are transferable and can be redeemed in advance. Furthermore, an investor is permitted to make multiple subscriptions within a single issue. Subscriptions already made can be cancelled only during the subscription period by submitting a formal request. Eligible investors must be at least 18 years old at the time of subscription.
The emission prospectus and any subsequent amendments are published on the Finance Ministry website under the government bonds section and on the Posta Romana website.
The Ministry has also released a guide for transferring funds from Tezaur subscription accounts back to personal bank accounts.
