PM Ponta: Government bonds, an excellent savings choice for Romanians

The Romanians who plan to save money have an excellent instrument for this with the government bonds that offer a yield that takes market realities in consideration, Premier Victor Ponta said on Wednesday, at the seat of the Bucharest Stock Exchange (BVB), on the occasion of the launch of the FIDELIS programme - government bond issues for the population, unfurled through the BVB.

Premier Victor Ponta, officials, attend launch of FIDELIS programme ? government bonds for the population, at the seat of the Bucharest Stock Exchange

"We answered at such an early hour the invitation of the Bucharest Stock Exchange, in an attempt to make a little publicity for an instrument that has never been used before in Romania. I understand there has been a bond issue for individuals back in 2005, but not via the Bucharest Stock Exchange. So this today is a first through and through: government bonds available to individuals to purchase ? a tool that developed countries and economies have been using for a long time, with great efficiency. We, for our part, haven't used it before. We are trying to explain to the individuals that government bonds are an excellent choice to place one's savings into. They are obviously government-guaranteed and carry a yield that takes into account the reality of the market and, somehow, it's a saving method Romanians have never used before. It's the safest instrument, money cannot go lost with it," said the Prime Minister.

He added that with the current economic growth, there is also a growth in incomes and implicitly in the population's desire to save.

"As this is the first issue of this kind, it's only a test amount that is very small, but we hope that people learn about this tool and consider it is worth placing their...