Romania could tap into foreign markets if yield below 2.5%

Romania could access foreign markets to borrow money in the second half of the year, if the borrowing cost is less than 2.5%, said the Finance Minister Darius Valcov, cited by local Economica.net. Romania had a RON 3.54 billion (EUR 799 million) surplus after January 2015, Valcov added. This represents 0.5% of the GDP. Last year, Romania borrowed four times from global markets, raising over USD 5 billion (EUR 4.4 billion) from bond sales for 10 and 30 years. In 2015, Romania wants to borrow about EUR 2.5 - 3 billion from international markets to cover maturing debt and to finance the budget deficit. editor@romania-insider.com