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In a Facebook post on Tuesday, Nazare shows that Romania’s 10-year borrowing rate has risen rapidly to 7.3% in recent days, from approximately 6.7% in mid-April, in the context of the deterioration in the perception of investment media generated by internal tensions.
„There are clear signals that political instability is already starting to be included in the cost of financing,” says the Finance Minister.
He points out that a relevant recent development is the difference between the yields on 10-year government bonds issued in local currency by Hungary and Romania: “if at the beginning of the year Romania was below Hungary, now it pays 120 basis points (1.20%) above Hungary. Romania is practically borrowing more expensively than Hungary in the long term, with investors demanding a higher interest rate to compensate for the perceived risk.”
At the same time, the minister adds, rating agencies are closely following local developments and are demanding clarity on t...
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