Ministerul Finantelor Publice (MFP) a respins, joi, toate ofertele bancilor pentru emisiunea de obligatiuni de stat de tip benchmark cu maturitate la 25 iulie 2013, considerand inacceptabil nivelul randamentelor, potrivit datelor BNR. Valoarea anuntata a licitatiei era de 300 milioane lei, iar bancile au depus cereri de cumparare de peste 557,18 milioane de lei.
Aceasta este o redeschidere a emisiunii din 22 martie 2010.
In primul trimestru din 2010, MFP a atras 12,7 miliarde de lei, peste nivelul de 10-12 miliarde de lei estimat initial, iar in cel de-al doilea trimestru autoritatile au atras 8,06 miliarde de lei, desi si-au propus sa stranga 11-13 miliarde de lei.
Totodata, in luna martie, Romania a plasat pe piata externa un miliard de euro, prin obligatiuni cu maturitate la cinci ani.
Autoritatile romane si-au propus initial o tinta de deficit bugetar de 5,9% din PIB pentru finalul acestui an, insa dupa ultima misiune a FMI in Romania aceasta tinta a fost majorata la 6,8% din PIB.
Titlurile de stat reprezinta obligatiuni care atesta datoria publica si reprezinta imprumuturi ale statului in moneda nationala ori in valuta, pe termen scurt, mediu si lung. Exista doua categorii de titluri de stat: pe termen scurt si pe termen lung sau mediu de tip benchmark. Titlurile de stat pe termen scurt sunt certificate de trezorerie cu discount, cu scadenta pana la 1 an. Certificatele de trezorerie cu discount sunt titluri de stat fara cupon de dobanda, care se cumpara de investitor la un pret mai mic decat valoare nominala, urmand ca la scadenta sa incaseze valoarea nominala.
O misiune comuna a Fondului si Comisiei Europene s-a aflat la Bucuresti in perioada 26 iulie-4 august pentru evaluarea acordului de finantare in valoare de 20 de miliarde de euro incheiat de Romania cu mai multe institutii financiare internationale.
Intregul sistem e in colaps iar ideea e ca undeva exista un capitalism sanatos si nu facatura din Europa de Est este o viziune simplista. Este exact aceeasi abordare care o auzeam despre comunism ca sistemul e ok dar aplicarile in practica nu au fost facute la ca la carte.
Asa ca eu zic ca trebuie incurajata reforma rapida , dar e adevarat sustinuta de masuri fiscale menite sa incurajeze munca si activitatile economice maximum posibil, numai asa vom mai iesi din acest virtej al crizei...
Apropos,stiu pe unul,lucrator neimpozat cu ziua, care cum primeste cate-o factura la utilitati sau vreo somatie de la banca duce plicurile la cabina de scandura din fundul curtii.Deocamdata traieste,mananca,bea,mai ia alimente pe cont,mai comenteaza cu prietenii pe teme de criza,asteapta cu interes scandalurile sau arestarile care vor urma la primarie dupa ce vor fi dati cativa birocrati care stiu una sau alta despre afacerile primarului afara...
Ai fost primul si continui sa fii acelasi!
Ungurii spun azi ca Romania si Polonia sunt favorizate, FT spune ca nu... :))
Acordul cu FMI e cerut de Comisia Europeana, asa cum a fost cerur si Ungariei.
In 15-20 de anii,Transilvania,Banatul si Crisana vor devenii tzara independenta,membra intr-o Confederatzie cu Austria si Ungaria,Moldova se va unii cu sora de peste Prut,sub obladuirea FR,in cadrul CSI, iar sudul va revenii la locul lui firesc,in cadrul Turciei ,dar nu in conditziile capitulatziilor ,ci ca simplu pashalac.Si toata lumea se va simtzii in mediul natural si firesc.
Avem un guvern perefect, se fura banii statului ca in codru, se fac si imprumuturi pentru asta. Cum sa aiba Romania atatea probleme?
Turismul si-a acoperit goliciunea cu o frunza copiata de pe net, aparent neintentionat, cum e posibil ca tara noastra sa aiba probleme.
Cred ca cei de la Financial Times au fost paltiti de mogulii aia rai, ii stim toti care sunt. Mogulii aia buni sunt de partea presedintelui, da aia primsec contracte cu statul pe banda rulanta.
By Kester Eddy in Budapest
Published: August 4 2010 19:32 | Last updated: August 4 2010 19:32
Romania’s tough economic austerity programme, implemented in June, has paved the way for an extension of the €20bn standby agreement, the International Monetary Fund said after winding up talks in Bucharest on Wednesday.
The IMF, together with the European Commission and the World Bank, had been conducting a joint review in Bucharest since July 26.
The outcome to the talks means Romania is set to receive an additional €2.2bn in total from the IMF and EU to help it through its recession, on top of the €13bn so far disbursed.
Jeffrey Franks, IMF mission chief for Romania, said recent economic data indicated that the “painful measures” would slow the economy this year but soon yield results in terms of consolidating public finances and raising market confidence.
“Romania’s fiscal imbalances are being addressed by appropriately ambitious measures taken in June,…. which should be sufficient to keep the budget deficit below 6.8 percent of GDP in 2010,” Mr Franks said.
If the government continues on track, and implements planned structural reforms, including changes to the pension and state employee salary system, Romania should also be well-placed to meet its deficit objectives in 2011 and 2012 without the need for a large additional fiscal effort, he added.
However, the austerity package, which includes slashing public sector wages by a quarter, along with raising value added tax from 19 per cent to 24 per cent, is likely to induce a contraction in the economy of 2 per cent this year, with 1.5 per cent growth in 2011.
Observers welcomed the news, noting that it was in contrast to the failure to reach agreement between nearby Hungary and the same international lenders last month.
This helps confidence as the assessment is quite positive.
, Uncertain outlook limits risk appetite
By Telis Demos in London
Published: August 5 2010 09:39 | Last updated: August 5 2010 21:54
Debt. Japanese 10-year bonds lifted from seven-year lows reached on Wednesday to yield 1.02 per cent, a rise of 4 basis points. But yields on benchmark German bonds were down by 4 basis points.
US Treasury bonds fell late in the session, and sharply. 10-year Treasury yield fell 6 basis points to 2.90 per cent, its lowest in two weeks. The two-year also fell to new record lows, dropping 3 basis points to yield 0.5378 per cent. This comes despite a planned fresh auction of debt next week – suggesting that views of the economy, and the likelihood of some kind of further easing, simply keep growing, no matter what equity traders do.
Spain’s auction of €3.5bn in 3-year bonds was successful. The amount raised was at the top of its range, but the coupon it had to offer was lower than the previous auction: 2.28 per cent versus 3.32 per cent at last month’s sale.
Romania’s auction, however, was less fortunate. Romania rejected the market’s bids for 3-year bonds – buyers were asking for yields more than 8 per cent, nearly 100bp above the current yield – and closing the auction. Romania’s acceptance of €3bn of International Monetary Fund money seems to have had the opposite impact, marking it as a troubled country – which may explain why Hungary continues to hold out and reject aid from the IMF.
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Daca e asa , nu numai ca sunt obraznice dar sunt si cu legea de partea lor stimata BNR! Pot sa traiasca din aceasta diferenta foarte bine cum au prosperat si prin anii '90...
Din pacate asta este legislatia valabila la nivel mondial: bancile (evident impreuna cu bancherii) trebuie sa castige in orice situatie, restul populatiei poate si sa dispara....