Feb. 12--BUCHAREST -- The first edition of Romanian Days of Investors held in New York has been a success, with more than 100 representatives of Wall Street investment funds totalling more than 1,000 billion dollars of assets appreciating the steps taken by the Romanian Government to stimulate the capital market, Prime Minister's Counsellor Cristian Socol told AGERPRES on Tuesday.
'Due to progress at macroeconomic level and to its high potential of economic growth, Romania is considered a proper destination for short, medium, and long term investments. This statement is supported by the success of Romgaz's IPO and by the bonds issue to the United States [1 billion dollars with a 30-year term, the longest obtained among Eastern Europeans], Socol said.
According to him, the Bucharest Stock Exchange (BVB) last year had the highest capitalisation in its history, as market capitalisation in 2013 saw a 36 percent increase compared to 2012.
'The barriers to the development of a modern capital market will be lifted in 2014. This year, IPOs of state-owned companies Hidroelectrica, Electrica, and Oltenia Energy Complex will contribute to keep the stock exchange liquidity high,' Socol added.
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