The government must show a genuine concern for the development of the country’s capital market, and the listings of state-owned companies, such as Hidroelectrica and Bucharest Airports, should make a significant contribution to ensuring Romania’s promotion to emerging market status, says Johan Meyer, CEO Franklin Templeton Investments and Fund Manager, Fondul Proprietatea.
“We are pleased to see that the interest of investors for the local capital market has remained strong, despite the last two years characterized by legal and fiscal instability in Romania. It is time for the Government to show a genuine concern for the development of the country’s capital market, an objective which can be achieved through new stock market listing and the creation of a generally favorable investment environment, which would further enhance Romania’s attractiveness on international financial markets. The listings of state-owned companies, such as Hidroelectrica and Bucharest Airports, should significantly contribute to ensuring the promotion Romania to the emerging market status, and the strict standards of financial reporting and managerial responsibility, necessary for the listings, would ensure that these state-owned companies are managed wisely, for the benefit of all Romanians who are the final owners,” said Johan Meyer, according to Agerpres.
Franklin Templeton Investment Management Limited The Bucharest Branch, as Investment Manager of Fondul Proprietatea, organizes the annual Investor Days event on September 5 and 6, 2019 in Bucharest, in partnership with Wood & Company.