November 25, 2017

To obtain money, Romania must privatize – Mark Mobius

Mark Mobius, head of Franklin Templeton Emerging Markets said that Romania will have big difficulties to borrow money from international markets at reasonable costs because of the European crisis. Thus, a solution is the state to consider attracting funds by privatizing its companies. He added that the Romanian state, which wants to sell its participation in Transelectrica, Transgaz and Hidroelectrica, must assure its financing, since the sale of bonds on the international markets will become more difficult.

Source: Bucharest Herald (read more)

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