Theanniversary of 15 years of modern Stock Exchange, celebratedyesterday at the headquarters of the NBR (National Bank of Romania)has provided the scene for the high officials attending the eventto settle scores either with the political class or with the media,while the capital market was, as it has been, a minor subject onthe authorities' agenda. The promises to list state-held companieshave been renewed.
What for capital market officials was an occasion forcelebration and for reiterating its main requests to the state, togive stronger support to the capital market via floatations, wasused by President Traian Basescu as an opportunity to send amessage to politicians, and for NBR Governor Mugur Isarescu to putthe blame on excessive media coverage, which dents Romania'scredibility, after Mugur Isarescu had said just one day before thatRomanians are to blame for the country's foreign debt.
At the end, the president renewed the pledge to bring Romgaz tothe Stock Exchange and to list additional stakes in Petrom,Transgaz and Transelectrica. Nobody from the Government was,however, present to give weight to the message.
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