The first effects of the fiscal package proposed by the government are visible on the financial markets, with borrowing costs for Romania falling, according to a post on the Ministry of Finance’s Facebook page.
The Romanian Interbank Offer Rate (ROBOR) fell below 7% for the first time since the presidential elections.
Compared to the end of Tuesday, July 1, Romania was borrowing cheaper on Friday by about 3 to 15 basis points, a sign that measures to increase taxes and reduce the deficit are being accepted by investors, according to the Ministry of Finance.
Translated by: Radu Matei