The Ministry of Finance has announced that, for the first time this year, the long-term financing cost of the state has fallen below 7%, reaching a maximum yield of 6.93%.

This reduction is the result of the fiscal consolidation measures implemented by the Government and the improvement of investors' perception. The Ministry successfully executed an operation by exchanging short-term obligations for long-term bonds, thus reducing the refinancing risk. Demand from investors was robust, reaching 836.34 million lei.

The Minister of Finance, Alexandru Nazare, emphasized that achieving a cost below 7% reflects the validation of the commitments made with the European Commission.