Press review (Sept 17)
The paper quotes MEF state secretary Eugen Teodorovici as saying the Eurobond issue will be in late October – early November, and the maximum ceiling approved by the Government is set at one billion euro, 750 million euros of which was raised in June.
The MEF official is further quoted a saying conditions now are better on the financial markets and there will be a surplus of liquidity.
Colquhoun is further quoted as saying the situation is not serious in the short run because Romania enjoys the effects of the reforms it had to carry out to better the European Union, but in the long run Romania risks lagging behind once investment resume in other states.
Compared with 2005, the rise was six places, and 45 against 1994, according to the report on the rankings released by the Fraser Institute of Canada.
In terms of labour market regulations, Romania is 48th in the world and 112th in the world in terms of crediting.
As far as the quality of business regulations is concerned, Romania is 75th in the world.