Romania’s loan costs dropped to their smallest level in November after spending cuts increased the trust of investors, Bloomberg informs. IMF chief of mission in Romania, Jeffrey Franks declared last week in an interview for the news agency that the government should take advantage of the low cost on financial markets to cut debt on short term.
Bloomberg notes that investors regain interest in Romania after the government adopted a series of measures to cut the budgetary deficit to 4.4% this year from 6.5% in 2010.
