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Romanian Fin Min May Support The Bourse Through Fiscal Measures

The Romanian Economy and Finance Minister Varujan Vosganian negotiates with stock market representatives the launch of a series of actions, including fiscal measures, to sustain the bourse.
Romanian Fin Min May Support The Bourse Through Fiscal Measures
19 sept. 2008, 18:30, English

“I started talking with stock market representatives to search for measures of sustaining the capital market, which are necessary in this crisis”, Vosganian said for Mediafax.

The financial crisis on worldwide markets led to Bucharest Stock Exchange’s decrease of 13.97% in four days, from Monday until Thursday.

However, on Friday the market erased part of the previous losses. The bourse composite index, BET-C was up 8.51% on the day to 3,532.78. The BET-FI index, which tracks the five SIFs, was up 14.53% on the day to 28,089.66.