Romania aims to break down market barriers

By Owen Sanderson
25 Sep 2014

Romania is making a push to gain emerging market status, alongside a raft of other proposals to increase liquidity in its markets and encourage foreign investment. The initiative, launched by the Romanian financial supervisor, is called “STEAM”, and is supposed to cut the costs of investing in the country. But political holdups, including a presidential election in November, could slow the process.

“The government was supposed to approve the capital markets changes in August — these are very necessary and overdue,” said Grzegorz Konieczny, Romania chief executive at Franklin Templeton and portfolio manager of the Fondul Proprietatea — the fund to compensate those who had property confiscated under ...

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