Romania Taps Foreign Markets Again Ahead of May Election
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Romania is selling international bonds for the second time this year to help finance its budget deficit amid political turmoil before the presidential election.
The eastern European nation plans to sell euro-denominated bonds due in 2032 and 2039 ahead of the May 4 presidential rerun that’s raised investor concerns about government efforts to rein in one of the widest fiscal gaps in the European Union.