FP managers estimate that leul will strengthen in 2012

'The national currency (RON) has already shown its relative strength last year, when it outperformed almost all currencies in the region, including the Polish zloty, Hungarian forint, Czech crown and Turkish lira. In 2012 we expect leul to further strengthen against other currencies ', said on Wednesday, in a joint statement, sent to AGERPRES, the two officials of the company that administrates the Fund.

Also, Romania's financial situation improved on the credit default swaps market (CDS) - / the risk of loss arising when a country defaults - editor's note /, where Romania's quotation was, on January 31, 2012, of 396.1, as against 344.4 for Bulgaria, 586.8 for Hungary, 828.6 for Ukraine, 6,060.7 for Greece and 413.8 for Italy.

'For the equity markets, we hope that 2012 will be a more interesting year than in 2011, when the Property fund was listed and immediately became, by far, the most liquid company on the Bucharest Stock Exchange (BVB). In addition, we hope to assist to a series of secondary public offerings, including for Petrom, Transelectrica and Transgaz, and, most importantly, to the progress or completion of the initial public offerings for Romgaz, Hidroelectrica and Nuclearelectrica. These transactions, if they succeed, could turn BVB into a very important regional player and would contribute to facilitating access to capital for local companies', Mobius and Konieczny said.

Last, but not least, the two anticipated that the 2012 elections could in some way disrupt the reform process and could create an effect of uncertainty but, in the long run, they will help to strengthen democracy.

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