Romania to Tighten Foreign Borrowing Goal to Contain Debt Growth

Romania is seeking to tighten its borrowing over the next year both at home and abroad to curb the highest yields in the European Union and contain rising public debt, according to the top official in charge of issuance.

Treasury Chief Stefan Nanu told Bloomberg on Monday that the government plans to reduce its foreign issuance target to as much as €11 billion ($12.7 billion) in 2026 from about €17 billion raised this year from international markets.