CFA Romania: Forbidding sale of state shares in companies may affect capital development

The bill forbidding the same of state shares in companies for two years  adopted by Senate recently can affect the development of capital market in Romania and will not help economic recovery this year and the years to come, CFA Romania analysts consider.

Financial analysts consider inopportune to narrow down the possibility of free transaction for shares held by the Romanian state. They show that protecting the state's economic interests should be made by implementing the best financial-economic practices connected to M&A transactions and not by atypical legislative measures.

“Situations similar to projects advanced  in past years should be avoided to eliminate disastrous inconsistencies and consequences, or even by infringing European directives in the field. Romania needs secure, easy and accessible financial instruments to support  economy on a short and medium term,”the press release shows.

CFA Romania representatives consider that Romanian state messages should be encouraging for both local and foreign investors, concentrated on a constant communication which should allow finding those opportune moments to initiate public offers.

CFA Romania pleads for rapid measures in the capital market explaining that listing brings benefits by increasing the quality of corporate governing .

CFA Romania is the organization of professionals in investments, most of them holders of Chartered Financial Analyst title, a qualification administered by CFA Institute USA. At present CFA Romania has 249 members , owners of the title.

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