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October 27, 2020

Finance Minister on stock market drop: It doesn’t affect us. Investors are interested in the Romanian economy

Referring to the stock markets’ drop, Finance Minister Eugen Teodorovici stated on Tuesday that this does not affect Romania, adding that investors are interested in the Romanian economy, considering the EUR 2 billion loan contracted by our country.

“Theoretically, anything can affect us, one way or the other. The good side is that – and I view what happened at the Finance Ministry last week as a positive message – we had a loan of EUR 2 billion, which very clearly shows the investors’ interest in the Romanian market, in the Romanian economy, especially in the long term. This is an important message. Secondly, the structure of those investors – they are investors from countries such as Germany, Austria, UK, America. Similarly, the costs are very advantageous. These are three issues that very clearly show the foreign investors’ confidence in the Romanian economy in the long term, which matters. No, it doesn’t affect us, this is my point of view,” Teodorovici specified at the Parliament Palace when asked if Romania is affected by the stock market drop.

The Bucharest Stock Exchange opened on Tuesday in the red, in line with the rest of the European stock exchanges whose drop was brought about by the drop registered on the American and Asian stock markets.

Last week, Romania borrowed EUR 2 billion on international capital markets by resorting to two government bonds issuances.

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