Romania's Ministry of Finance reported on an official meeting between Finance Minister Alexandru Nazare and Maria Luís Albuquerque, the European Commissioner for Financial Services and the Savings and Investments Union, focused on steps Romania and the European Union can take to speed up capital market development and channel savings into productive investment. The discussions also covered EU priorities on strengthening the Capital Markets Union and advancing the Savings and Investments Union. The agenda included EU files relevant to market functioning, notably the Market Infrastructure Package aimed at removing barriers between European markets, and the Framework for Financial Data Access, where Romania backed a clear balance between innovation, data protection and fair competition. The Ministry also highlighted support for measures to improve banking sector competitiveness and cut unnecessary bureaucracy, alongside domestic plans to accelerate capital market development by encouraging company listings and attracting more investors, including through simpler and more accessible investment products and discussion of a potential European investment account. The Minister pointed to recent market-modernisation steps and assigned an important role to the Investment and Development Bank in attracting capital and developing new financing instruments, including through investment funds.

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