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FinMin Eugen Teodorovici: Stock exchanges fall does not affect us

Inquam Photos / Octav Ganea
eugen teodorovici

Minister of Public Finances Eugen Teodorescu stated on Tuesday that the fall of stock exchanges does not affect Romania, bringing to mind that our country has borrowed two billion euro from foreign markets, and this "clearly" shows, in his opinion, the investors' interest. "Theoretically, anything can have an impact, one way or another. On the plus side and I take as a positive message what happened last week at the Finance Ministry, we had a two-billion-euro loan, which shows very clearly the investors' interest in the Romanian market, in Romania's economy, especially long-term - it is an important message," Teodorovici specified at the Parliament Palace.

Another argument which proves the stability of the Romanian market is, according to the Finance Minister, the investors' structure. "The investors come from countries such as Germany, Austria, the United Kingdom, the United States. Similarly, the costs are very advantageous. There are issues which clearly show the foreign investors' long-term confidence in Romania's economy, which is what matters," Eugen Teodorovici maintained.

Asked whether Romania is affected by the stock exchanges' crash, he replied: "No, as far as I'm concerned, it doesn't affect us."



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