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FinMin Tanczos Barna: Number one priority for Ministry of Finance is to finance deficit at lowest costs

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The number one priority for the Ministry of Finance is to finance the deficit at the lowest possible costs, and if these costs exist, the interests should be paid to investors coming from the country, the deputy prime minister and minister of finance, Tanczos Barna, stated on Thursday, at the official opening of the BVB (Bucharest Stock Exchange) trading session on the occasion of the listing of Fidelis government bonds, issued by the Ministry of Finance.

„Let me thank you and appreciate the collaboration that the Ministry of Finance has had with you, because without the support of BVB we would not have been able to enter this market with the products that we want to bring closer to investors, citizens and companies. The Bucharest Stock Exchange is a trusted platform for investors, it is a platform in continuous growth and I am glad that Fidelis has managed to contribute to this growth. It is a first step and, as I said, and the president will probably also emphasise, this is the first trial for many investors with this new platform, this capital market, and through Fidelis we bring many capital market investors closer. Without a doubt, for the Ministry of Finance, the number one priority right now is financing the deficit at the lowest possible costs. These costs exist anyway and if there are costs, why not direct our attention and focus to Romanian investors, investors from Romania, investors and citizens, individuals and companies. And why not pay these interests to investors coming from the country. We can thus keep these amounts as sources for growth and for further investments for citizens and companies in Romania,” said Tanczos Barna.

He mentioned that last year the Ministry of Finance attracted 16 billion RON through Fidelis issues, and this year, in February alone, a quarter of the total amount attracted last year was already exceeded.

„The growth rate is maintained and is visible. In the last five years there has been a constant growth rate, but I expect the spectacular evolution for 2025. Both in January and in February, both Tezaur and Fidelis prove this. Investors in the country trust government bonds and consider that these bonds, these interests are attractive, they are safe and they are an option for anyone who wants to invest in Romania,” he said

He also spoke about the companies listed on the Stock Exchange and mentioned that Romania is the country that will have the greatest opportunity when a reconstruction process begins in Ukraine.

„Romanian companies must benefit from this reconstruction of Ukraine. I hope that peace will be closer and closer. Negotiations have begun, even if there are many discussions regarding the way in which negotiations and discussions are being held, we must be prepared through Romanian companies, regardless of whether they are private or state-owned, to participate in this reconstruction process. We have a geographical, strategic position, we have the longest border with Ukraine, we have the ports, we have the port infrastructure, which will greatly help Romanian companies to get involved in this reconstruction and this will certainly be seen in the stock market evolution of state-owned and listed companies, regardless of whether they are private or state-owned,” Tanczos Barna also said.

AGERPRES

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