The confidence of foreign investors in Romanian Eurobonds has strengthened significantly over the recent weeks, with the yields of the 10-year on sovereign bonds denominated in euro falling to 1.8% from a maximum of 3.1% this year, according to BT Asset Management, quoted by Romania-Insider.com.
The experts of Banca Transilvania’s asset management division assign this improvement to the Government’s decision to increase pensions by only 14% – which puts significantly less pressure on the budget deficit than the 40% rise stipulated by the Pension law passed last year.
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