about us | newsletter | contact | archive | members area
Ilinca Paun, Colliers International
"Romania has become one of the prime locations for IT or BPO/SSC companies to set up sho»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Romania can become an emerging market in the following 12-18 months

Top representatives of the local asset management industry, which enjoyed its fastest growth last year since the economic crisis, believe that Romania must grab the opportunity it has right now, to become an emerging market in the following 12 to 18 months.

2014-06-17 14:39:35

According to International Financial Corporation, a member of World Bank Group, an emerging market is "a market which is growing both in size and in sophistication degree, as opposed to a small market, which is inactive and doesn't seem to change".

There are more positive signs that lead to this opportunity:
1. Romania regained its investment credit rating after six years at Standard&Poor
2. "We believe Romania will maintain steady economic growth, averaging 3 percent over 2014-2017", S&P analysts stated;
3. Romania has largest annual economic growth in the EU in the first quarter of 2014, with 3,8 per cent;
4. Romania is one of the very few countries maintaining a budget deficit lower than the EU standard of 3 per cent;

Dragos Neacsu, Chairman of the Romanian Association of Asset Managers (AAF) stated during the "Challenging Crossroads" Round Table, held in Bucharest, that the Romanian economy needs "public policies with immediate effects". "The time for action is now", that was the AAF President's message to the representatives of the business community and to the political decision makers, who joined the debate hosted by AAF.

Dragos Neacsu highlighted: "The domestic institutional investors make for 10 per cent of Romanian GDP and are fully invested into the way the country's public policies are financed, by owning 10 per cent of sovereign public debt. These investors exercise a positive pressure towards a diversified mix of financing the real economy, including the equity capital markets, where we collectively own 10 per cent of Romanian listed stocks free-float".

The cumulated assets managed by AAF members (investment funds) and by the pension funds are currently worth EUR 9.2 billion. The assets managed by Fondul Proprietatea amount to over EUR 3 billion. All in all, the total value of these investments represents about 10 per cent of the Romanian GDP.

Challenging Crossroads Round Table is the first initiative of AAF to put business decision makers and politicians together in a public debate. AAF strategic areas of action are to build solid and modern institutions and to improve the financial education degree of the Romanian citizens.

AAF is a member of the European Fund and Asset Management Association (EFAMA), which currently collectively represents 17 trillion Euro in assets under management, 1.5 times the GDP of the EU.

Hosted by AAF, the AGM provided an opportunity for EFAMA to engage with its national associations and corporate members. Following the renewed emphasis placed on the future of financial regulations in Europe in the wake of recent EU elections, this is a particularly pertinent time to provide an open forum for debate around key industry issues.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1667 Views
Daily Info
Corneliu Bodea was reappointed as president of Romanian Energy Center

Corneliu Bodea was reappointed as president of Romanian Energy Center (CRE) with 244 votes, being the only candidate. His new mandate will last until September 2020.

Zacaria develops the first private industrial park in Craiova

The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, the Romanian real...

FIC: High growth without infrastructure is not possible in the long run

The Foreign Investors Council (FIC) believes infrastructure is key for Romania's future development and it is also one of the three pillars Romania must focus on if it is to b...

Superbet bonds start trading on Bucharest Stock Exchange

Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by B...

Michele Abbate was appointed as new CEO of Enel Energy and Enel Energy Muntenia

Michele Abbate is the new CEO of Enel Energy and Enel Energy Muntenia, the two companies owned by the Enel group in Romania.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

Business Lease posts four million Euro turnover in the first semester of 2017

Business Lease, international company providing complete mobility solutions through Operational Leasing, Car Fleet Management and Rental in Romania, closes its first semest...

Chinese delegation seeks investment opportunities in Romania

Prime Minister Mihai Tudose discussed at the Victoria Governmental Palace on Thursday about the opportunities to invest in Romania with an official delegation of the People...

BVB second place in the region by number of IPOs in H1 2017

Bucharest Stock Exchange (BVB) is the second market in Central and Eastern Europe where initial public offers (IPOs) were successfully concluded in the second quarter of th...