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Romania should promote better its “growth story” to attract more investors, says Mark Mobius
“Romania has an outstanding growth story among the countries in the CEE region and the European Union, with the highest growth rate in the EU in the first quarter of 2015 and the second-highest in the second quarter. This exceptional growth story should be continuously promoted to foreign investors and one of the best ways to do that would be to have more IPOs of both state-owned companies and privately-held companies,” Mark Mobius, executive chairman of Templeton Emerging Markets Group told business-review.eu.
A developed capital market will always be attractive to investors, especially when strong and appealing companies enter the public view, drawing more attention to the country, he explained.
Asked about measures that Romania could take in order to become a hub for investors, Mark Mobius said that Romania’s robust economic growth and macroeconomic balances are features that make our country attractive, and one of the main strategies would be to keep these balances and continue the structural reforms.
“At the same time, there is a need for long term, coherent strategies, especially in sectors like energy. The stability of the regulatory environment, the coherence between the fiscal and monetary policy should also be major points on the agenda of the policymakers, as investments are usually made based on premises and promises that should be maintained and delivered,” the Franklin Templeton representative said.
Not least, a strong measure to help attract investments on the long run would be a more aggressive privatization and listing of state-owned enterprises, he concluded.