“The Romanian economy, including the capital market, is too expensive and far less competitive than it should,” Ludwik Sobolewski told a financial forum organized by Mediafax. “This has to change and the capital market has to be one of the engines that will boost competitiveness.”
Sobolewski said Romania needs annual growth rates of over 4% to be able to narrow the gap with the other states in the European Union and that the stock market could provide a steady inflow of funds to help boost growth.