{"id":689701,"date":"2026-04-28T09:07:03","date_gmt":"2026-04-28T09:07:03","guid":{"rendered":"https:\/\/microscopemedia.com\/?p=689701"},"modified":"2026-04-28T09:07:03","modified_gmt":"2026-04-28T09:07:03","slug":"nazare-dobanda-la-care-se-imprumuta-romania-pe-10-ani-a-crescut-pe-fondul-tensiunilor-interne","status":"publish","type":"post","link":"https:\/\/microscopemedia.com\/?p=689701","title":{"rendered":"Nazare: Dob\u00e2nda la care se \u00eemprumut\u0103 Rom\u00e2nia pe 10 ani a crescut pe fondul tensiunilor interne"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/microscopemedia.com\/wp-content\/uploads\/2026\/04\/nazare-dobanda-la-care-se-imprumuta-romania-pe-10-ani-a-crescut-pe-fondul-tensiunilor-interne.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"p-0\">\u00centr-o postare pe Facebook, f\u0103cut\u0103 mar\u021bi, Nazare arat\u0103 c\u0103 dob\u00e2nda la care se \u00eemprumut\u0103 Rom\u00e2nia pe 10 ani a urcat rapid la 7,3% \u00een ultimele zile, de la aproximativ 6,7% la jum\u0103tatea lunii aprilie, \u00een contextul deterior\u0103rii percep\u021biei mediilor investi\u021bionale generat\u0103 de tensiunile interne.<\/p>\n<p id=\"p-1\">\u201eSunt semnale clare c\u0103 instabilitatea politic\u0103 \u00eencepe s\u0103 fie deja inclus\u0103 \u00een costul finan\u021b\u0103rii\u201d, spune ministrul Finan\u021belor.<\/p>\n<p id=\"p-2\">El arat\u0103 c\u0103 o evolu\u021bie recent\u0103 relevant\u0103 este cea a diferen\u021bei \u00eentre randamentele aferente maturit\u0103\u021bii de 10 ani pentru titlurile de stat emise \u00een moneda local\u0103 de Ungaria \u015fi Rom\u00e2nia: \u201edac\u0103 la \u00eenceputul anului Rom\u00e2nia se situa sub Ungaria, acum pl\u0103te\u015fte 120 puncte de baz\u0103 (1,20%) peste Ungaria. Rom\u00e2nia se \u00eemprumut\u0103 practic mai scump dec\u00e2t Ungaria pe termen lung, investitorii cer\u00e2nd o dob\u00e2nd\u0103 mai mare pentru a compensa riscul perceput\u201d.<\/p>\n<h2 id=\"chapter-0\">O \u00eenr\u0103ut\u0103\u021bire a ratingului de \u021bar\u0103, consecin\u021be grave<\/h2>\n<p id=\"p-3\">\u00cen acela\u0219i timp, adaug\u0103 ministru, agen\u021biile de rating urm\u0103resc atent evolu\u021biile locale \u0219i cer claritate privind direc\u021bia fiscal\u0103, reformele \u0219i capacitatea de finan\u021bare a statului, dup\u0103 ce au avertizat \u00een numeroase r\u00e2nduri c\u0103 deteriorarea disciplinei fiscale \u0219i blocajele \u00een reforme pot pune presiune pe ratingul suveran al Rom\u00e2niei.<\/p>\n<p id=\"p-4\">\u201eO eventual\u0103 \u00eenr\u0103ut\u0103\u021bire a ratingului de \u021bar\u0103 (trecerea la categoria Junk) ar avea consecin\u021be grave, \u00eensemn\u00e2nd costuri de finan\u021bare semnificativ mai mari, cerere redus\u0103 \u015fi acces mai dificil la pie\u021bele externe, o mare parte dintre investitorii institu\u021bionali actuali fiind nevoi\u021bi s\u0103 nu mai cumpere titluri de stat rom\u00e2ne\u015fti \u015fi chiar s\u0103 \u00ee\u015fi reduc\u0103 expunerile pe Rom\u00e2nia\u201d, a mai scris Nazare pe re\u021beaua de socializare.<\/p>\n<p id=\"p-5\">El sus\u021bine c\u0103 a transmis reprezentan\u021bilor agen\u021biei Fitch, luni, c\u0103 Rom\u00e2nia \u00ee\u0219i men\u021bine angajamentul pentru consolidare fiscal\u0103 \u015fi reforme, \u201e\u00eens\u0103 toate acestea vor depinde \u00een continuare de garan\u021biile de stabilitate pe care vom reu\u015fi s\u0103 le transmitem \u00een extern\u201d.<\/p>\n<p id=\"p-6\">\u201ePentru o \u021bar\u0103 cu cel mai mare deficit din UE \u0219i cu o datorie public\u0103 \u00een cre\u0219tere rapid\u0103 (de la 54,8% la 59,3% din PIB \u00eentr-un an), orice cre\u0219tere a costurilor de finan\u021bare conteaz\u0103\u201d, precizeaz\u0103 Alexandru Nazare.<\/p>\n<h2 id=\"chapter-1\">10 miliarde de euro din PNRR<\/h2>\n<p id=\"p-7\">El mai spune c\u0103 Rom\u00e2nia mai are de atras aproximativ 10 miliarde de euro din PNRR p\u00e2n\u0103 la 31 august 2026, iar jaloane importante sunt \u00eenc\u0103 ne\u00eendeplinite: \u201eOrice blocaj politic afecteaz\u0103 direct capacitatea de a finaliza reforme \u0219i de a securiza aceste fonduri\u201d.<\/p>\n<p id=\"p-8\">\u201e\u00cen acest context, diferen\u021ba esen\u021bial\u0103 nu este \u00eentre majorit\u0103\u021bi care se pot alia, ci \u00eentre majorit\u0103\u021bi care pot garanta. Economia are nevoie de continuitate, disciplin\u0103 fiscal\u0103 \u0219i credibilitate \u2013 nu de blocaje.<br \/>C\u00e2nd dob\u00e2nzile cresc, datoria trebuie stabilizat\u0103, iar ratingul este sub presiune, orice semnal de instabilitate se transform\u0103 imediat \u00een costuri. Mai mari pentru stat, mai mari pentru economie, mai mari pentru fiecare rom\u00e2n. De aceea, adev\u0103rata miz\u0103 nu este una politic\u0103, ci una de responsabilitate na\u021bional\u0103: capacitatea de a garanta finan\u021barea \u021b\u0103rii, de a duce reformele la cap\u0103t, de a men\u021bine \u00eencrederea investitorilor \u015fi de a p\u0103stra ratingul suveran la nivelul gradului investi\u021bional. Aceasta este, \u00een mod real, garan\u021bia stabilit\u0103\u021bii financiare de care Rom\u00e2nia are nevoie acum\u201d, adaug\u0103 ministrul Finan\u021belor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00centr-o postare pe Facebook, f\u0103cut\u0103 mar\u021bi, Nazare arat\u0103 c\u0103 dob\u00e2nda la care se \u00eemprumut\u0103 Rom\u00e2nia pe 10 ani a urcat rapid la 7,3% \u00een ultimele zile, de la aproximativ 6,7% &hellip; <a href=\"https:\/\/microscopemedia.com\/?p=689701\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":689702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/689701"}],"collection":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=689701"}],"version-history":[{"count":0,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/689701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/media\/689702"}],"wp:attachment":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=689701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=689701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=689701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}