Page 13 - Revista de industrie mai 2019

term confidence We are considering continuing to maintain Romania's presence on on the the foreign markets in in in order to complete the the the planned financing plan plan for the the current year and in in in in in favorable market conditions even pre-financing the the needs planned for the the next year " said Eugen Teodorovici The issue was realized in in three installments of of which EUR 1 1 15 billion with with a a a a a a maturity of of of 7 years with with with an interest rate of of of 2% EUR 500 million with with with a a a a a a maturity of of of 15 years with with with interest of of of 3 3 3 5% and EUR 1 1 35 billion with with a a a a a a a maturity of of of 30 years and an an interest rate of of 4 625% The issue was overwritten more than 2 5 times
"The transaction was a a a a a a a a premiere and at the the same time a a a a a a a a a record for the the the the Ministry of of Public Finance firstly by the the the launching of of the the the longest maturity for a a a a a Eurobond issue on on on the the the euro market namely the the the 30-year tranche but also by obtaining the the the lowest issuance premium against the the level of secondary market quotations ”
stipulated the the Finance Minister The issue was mediated by JP Morgan Securities plc Citigroup Global Markets Limited Erste Group Bank Bank AG ING Bank Bank NV and Société Générale "For Romania the the goal remains the the the adoption of the the the euro in in 2024!"
Based on on this sustained
economic growth and the favorable perspectives that still exist Romania has a a a a a a a a a a very well- established plan for adopting the euro "The objective is is is clear 2024 " " Minister of Public Finance Eugen Teodorovici recently confirmed
in in in in the the the preamble of the the the Eurogroup meeting meeting and the the the informal meeting meeting of of Finance Ministers (ECOFIN) held in in in in Bucharest in in in in the the context of of the the Romanian Presidency of of the the Council of the EU "Even if we have met certain requirements the decision is is made however at European level Romania has a a a a a a a a very well-established plan in this respect Last December the government approved such a a a a a plan for the the adoption of the the euro We observe this plan we accomplish
our goals as we have always done " said Teodorovici Regarding the the informal meeting of the the the Finance Ministers in in in in in in Bucharest the the the Romanian official stressed that one of of of the the the the sensitive topics included in in the the the the the agenda of of of the the the the the debates was the the the the migration of of the the the the labor force "There are are topics that are are based on very well-grounded studies related
to mobility financing costs the European market as a a a a a a whole its its prospects and its its current issues A topic of interest to to which Romania is is attached is is the labor migration a a a a a a a a a a a a topic that creates problems at at at at at at national and and European level ( ) Labor migration both skilled skilled and and unskilled is a a a a a a a big problem for Romania " said Eugen Teodorovici 13
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