Interest rates at which the Romanian government borrows have risen by 40 basis points to close to 8% for 10-year bonds following the first round of the presidential election. Investors are analyzing the impact of the outcome on government stability. Yields on securities maturing in 2034 have hit their highest levels since January, with financial group Erste suggesting George Simion's victory could have negative effects on the leu and government bonds. The government is facing a high budget deficit and a significant borrowing requirement, estimating a need of 232 billion lei by 2025.
Sources
Latest News
23:00
A 30-meter luxury yacht, Angiola II, sank in Sardinia a few days after delivery. All 14 people on board were rescued.
22:57
Raúl Castro appeared in Havana to mark 100 years since the birth of his brother, Fidel Castro
22:45
The Swedish Parliament has adopted the reduction of the age of criminal responsibility from 15 to 14 years, with 281 votes in favor. The right-wing government has prioritized combating crime.
22:39
Etna has been putting on a rare volcanic show for seven days: tourists are flocking to the trails, ash is closing the airport.
22:23
The U.S. Secretary of Defense has dismissed allegations regarding the poor conditions on the USS Abraham Lincoln, but sailors are facing serious issues.
See more news