Rating agencies begin screening Romania’s public finances for sovereign update

Romania’s authorities are intensively preparing the next meetings with the rating agencies, which begin this week, both in person and online, finance minister Alexandru Nazare announced. “It is mandatory to maintain the rating, so that Romania's financing remains open," he said in a Facebook post.

In his post, Nazare said that the financing plan for this year is 58% fulfilled already, while in foreign markets, it is 35%, Ziarul Financiar reported. He argued that domestic financing is carried out through auctions organised on a monthly basis, while foreign financing depends on the conditions on the international markets, but also on the calendar for European funds and IFI financing.