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Templeton : the new agreement with IMF will give a positive signal to foreign investors

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The officials Franklin Templeton Investment, the company which manages the Propritatea Fund express their satisfaction with the signing of a new agreement between Romania, on one side and the IMF, EC and WB on the other.

‘The Proprietatea Fund considers that the previous agreements had a significant impact on the macroeconomic stability obtained by Romania and they contributed to the situation of the country on the trend of economic growth’ is shown in a press release of the company.

By the continuation of this agreement the Romanian government shows their commitment to the continuation of reforms which still need to be consolidated, the Franklin Templeton officials say.

‘A new agreement with IMF is good news for Romania and it should be a positive signal for foreign investors interested in the country. We consider that the Romanian authorities took the right decision by continuing the partnership and we welcome the attention offered to the structural reforms by the new agreement’ Greg Konieczny, the manager of Proprietatea Fund says. He considers that the state-run companies who still represent a large part of the Romanian economy, must get through a process of reform, as the country wants to have a competitive economy.

‘We are especially happy about the plans regarding the public listing of some of the biggest companies in Romania, among which Nuclearelectrica, Romgaz, CE Oltenia, Hidroelectrica and Electrica. According to our opinion, we will see notable improvements at the end of the new agreement, and that moment would mean that Romania could be a good one of the European economy with the quickest growth’ the official says.

Since they took over the leadership of FP in 2010 Konieczny required several times the listing on the stock market of the state-run companies, a good part of them being in the portfolio of the Proprietatea Fund.

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