Stepping forward to an emerging economy

The European Commission recognised that Romania has made progress in reforming its judiciary and noted improving cooperation between local institutions, but still warned that the independence of courts remain an issue. Romania has many emerging market characteristics; it shares old unhealed wounds but steps on with the legacy of previous successes.

Despite all, the country re-focused the markets on the economic fundamentals. The demand for bonds surges. With political risk receding and bonds offering better yields than other markets in Central and Eastern Europe, Romania will stay in high demand.

The needed trigger for the local stock market is the switch of the actually status in MSCI rankings from frontier to emerging market. And for this liquidity beside transparency and much more commitment of all market players (government, stock exchange management, regulatory institutions and brokers) is required. Read more in (PDF) – Viewpick Romania Capital Market 2014.

Download (PDF)Viewpick Romania Capital Market 2014 RLU