Mugur Isărescu, the governor of the Central Bank, thinks that in the future, the Bucharest Stock Exchange could represent a viable alternative for the financing of the Romanian economy: "Maybe someday I will bring my winery to the Stock Exchange, maybe I will contribute to the development of the Stock Exchange and maybe I will find a partner for financing".
The governor of the Central Bank yesterday said in a conference: "I once again invite the Bucharest Stock Exchange to return to its old headquarters, across the street from the headquarters of the National Bank of Romania, in the NBR's Old Palace, to restore the old financial City which Bucharest had".
He reminded that in the beginning, when the Romanian stock market resumed its operation, it was hosted in the headquarters of the National Bank, in the autumn of 1995, after almost 50 years after its closing and that "the core of the BSE came from a Department of the National Bank".
* "Romania has become accustomed to a flood of money"
Mugur Isărescu considers that, even though Romania has gotten used to being financed through a "flood of money", still, at the present moment, it is the stock market which is becoming a viable alternative for a macroeconomic development of the country's economy, even without neglecting the absorption of European funds.
He said: "Romania has gotten used to a flood of money and it is very hard when you get used to something like this. After eight years of growth, we are seeing an ebb. This behavior is typical for the market economy, even though it may have been a bit amplified. After the deluge of money, we have avoided the massive outflows of money, but we didn't see any new inflows either. A negative delta (ed. note: a drop) of 10% of the GDP is hard to bear. Capital inflows decreased seven times between 2010 and 2011. This fluctuation caused us problem
