Bucharest Stock Exchange president: Dire need for funding means Romania must pursue all possible alternative sources

Romania is in such dire need of funding that all potential sources should be pursued, used and supported by the government, Banca Comerciala Romana’s (BCR) chief economist and president of the Bucharest Stock Exchange Lucian Anghel recently said. “Romania has so much need of funding sources that any alternative source should be used and supported by the Romanian state,” said Lucian Anghel (in picture).

He warned of a drying up of foreign direct investment and money coming into the country from Romanians living abroad. Against this financial backdrop, he advised the use of funding alternatives, including capital markets, pension funds and development projects in infrastructure, energy and agriculture.

Anghel gave Romgaz as an example of a company that could access capital markets, but said that the Romanian government should step in and “break the ice,” and show local businesses that it can raise funds from capital markets. He also expects more entrepreneurs to make use of the Bucharest Stock Exchange, where they can benefit from lower costs, greater visibility and raise funds on capital markets in two or three years.