\nStatul rom\u00e2n continu\u0103 s\u0103 atrag\u0103 finan\u0163are de pe pia\u0163a intern\u0103 \u015fi interna\u0163ional\u0103, iar emisiunile recente de titluri de stat arat\u0103 c\u0103 exist\u0103 interes pentru investi\u0163ii \u00een obliga\u0163iunile guvernamentale. \u00cen cadrul ultimei emisiuni Fidelis din iunie 2025, Ministerul Finan\u0163elor a oferit dob\u00e2nzi de p\u00e2n\u0103 la 8,35% \u00een lei \u015fi 6,5% \u00een euro, pe termene de p\u00e2n\u0103 la \u015fapte ani. De asemenea, pe pia\u0163a secundar\u0103, randamentul titlurilor de stat cu scaden\u0163\u0103 la 10 ani a urcat la 8,15%, fa\u0163\u0103 de 7,48% la finalul anului trecut, confirm\u00e2nd faptul c\u0103 statul \u00eenc\u0103 poate accesa lichidit\u0103\u0163i necesare, chiar dac\u0103 \u00een condi\u0163ii mai costisitoare.<\/p>\n
\n \u201eVestea bun\u0103 e c\u0103 nu v\u0103d deocamdat\u0103 vreo perspectiv\u0103 \u00een finan\u0163area statului rom\u00e2n at\u00e2ta timp c\u00e2t se va gr\u0103bi s\u0103 ofere un pre\u0163 foarte bun pentru banii primi\u0163i cu \u00eemprumut, a\u015fa cum s-a gr\u0103bit s\u0103 o fac\u0103 \u015fi \u00een ultima vreme. Au fost multe situa\u0163ii \u00een care putea s\u0103 se \u00eemprumute mai u\u015for dec\u00e2t a facut-o \u00eens\u0103 am ales \u015fi aici o form\u0103 de na\u0163ionalism economic unde au fost oferite ni\u015fte dob\u00e2nzi foarte mari mai ales pentru cet\u0103\u0163enii rom\u00e2ni care au decis s\u0103 \u00eemprumute bani statului rom\u00e2n\u201d a declarat Christian N\u0103sulea, profesor de economie interna\u0163ional\u0103 la ZF Live, emisiune realizat\u0103 cu sprijinul Orange Business.<\/p>\n
\nPe de alt\u0103 parte, aceste costuri ridicate ale finan\u0163\u0103rii sunt un semnal clar c\u0103 dob\u00e2nzile nu vor sc\u0103dea prea cur\u00e2nd. Instabilitatea politic\u0103, deficitul bugetar \u015fi percep\u0163ia crescut\u0103 a riscului \u00een r\u00e2ndul investitorilor men\u0163in dob\u00e2nzile la cote record. Christian N\u0103sulea, profesor de economie interna\u0163ional\u0103, atrage aten\u0163ia c\u0103 Rom\u00e2nia ofer\u0103 dob\u00e2nzi mari, \u00een special c\u0103tre investitorii locali, \u00eentr-o strategie de \u201ena\u0163ionalism economic\u201d, ceea ce limiteaz\u0103 accesul la surse mai ieftine. Pentru a reduce costurile, autorit\u0103\u0163ile vor trebui s\u0103 demonstreze o gestionare mai solid\u0103 a finan\u0163elor publice, astfel \u00eenc\u00e2t s\u0103 conving\u0103 investitorii c\u0103 riscurile s-au diminuat \u015fi s\u0103 poat\u0103 atrage finan\u0163are \u00een condi\u0163ii mai avantajoase pe termen mediu \u015fi lung.<\/p>\n
\n\u201eProblema e c\u0103 dob\u00e2nzile aproape sigur vor r\u0103m\u00e2ne la un nivel foarte ridicat. Nu cred c\u0103 are de ce s\u0103 spere statul rom\u00e2n ca se va \u00eemprumuta mai ieftin av\u00e2nd \u00een vedere contextul \u00een care ne afl\u0103m. O s\u0103 fie nevoie de o perioad\u0103 de timp \u00een care politicienii no\u015ftri vor trebui s\u0103 demonstreze c\u0103 sunt mai capabili dec\u00e2t conducerea anterioare privind gestionarea finan\u0163elor publice pentru a convinge investitorii c\u0103 nivelul de risc a sc\u0103zut \u015fi c\u0103 ar trebui s\u0103 li se acorde credite \u00een ni\u015fte condi\u0163ii financiare mai bune\u201d a mai spus N\u0103sulea la ZF Live.<\/p>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"
Statul rom\u00e2n continu\u0103 s\u0103 atrag\u0103 finan\u0163are de pe pia\u0163a intern\u0103 \u015fi interna\u0163ional\u0103, iar emisiunile recente de titluri de stat arat\u0103 c\u0103 exist\u0103 interes pentru investi\u0163ii \u00een obliga\u0163iunile guvernamentale. \u00cen cadrul ultimei emisiuni Fidelis din iunie 2025, Ministerul Finan\u0163elor a oferit dob\u00e2nzi de p\u00e2n\u0103 la 8,35% \u00een lei \u015fi 6,5% \u00een euro, pe termene de p\u00e2n\u0103 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[187,8931,7136,183,34552,8674,552],"class_list":["post-237256","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-dobanzi","tag-emisiune","tag-finante","tag-imprumut","tag-niveluri","tag-record","tag-video"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/237256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=237256"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/237256\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=237256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=237256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=237256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}