03-07-2025
Romania's Bond Rally Set to Gather Pace With Rating Risk Reduced
Investors in Romanian sovereign bonds are welcoming long-awaited measures to curb the budget deficit, with the reduced risk of a credit-rating cut likely to fuel a further rally in the country's debt securities.
The Black Sea nation's new government on Wednesday unveiled a broad package of spending cuts and tax increases to rein in the European Union's widest fiscal gap. The government plans to present the measures, which include raising the value-added tax and cuts in public sector wages, at next week's meeting of EU finance ministers.
