Consultant: We Need A Competitive Capital Market If We Want The Discount In The State’s Offerings To Diminish

02.14.2012 By Andrei Chirileasa

The low liquidity of the Romanian capital market, the high trading costs, and the lack of predictability of regulations are making the Romanian market as a whole less attractive than competitors in the region, and this has a negative impact on the price in the state’s public offerings, says Victor Cionga, managing partner of AZ Capital Advisors.

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