“The Ministry of Finance recently approved the framework for green bonds, and we can issue these bonds both on the domestic and international markets, to finance projects that aim to protect the environment and combat climate change.

Depending on the market conditions, we will issue green bonds in the next period, even in a few days. This year we will issue both green bonds and bonds on international markets.

From the perspective of the Ministry, the optimal conditions for issuing bonds are the best price and the highest liquidity. The first issue of green bonds will be addressed to foreign markets and we want to see how these markets will react,” Alin Marius Andries, State Secretary, Ministry of Finance, said during Romanian Sustainability Forum organized by Financial Intelligence.

“In the long term, the Ministry of Finance wants the issue of green bonds to become a constant, so that we have at least one or two bond issues every year, because we have noticed that there is interest from foreign investors for these green bonds.

Sustainability has become more and more important both at the public level and at the company level. It is very important to have discussions and debates so as to standardize knowledge regarding concepts and legislation.

The Ministry of Finance has partially transposed the CSRD directive, respectively article 1 regarding the accounting regulations. The incidence of these rules refers to large, medium and small companies listed on the stock exchange.

In the first stage, the scope is general, and this applicability will not have major effects, because these companies are already used to non-financial reporting. In the second stage, large companies with over 500 employees will follow.

Our objective is to prepare the legislation during 2024. We want to continue the dialogue with the companies so that we can see the beneficial effects or if there are negative effects at the level of the companies.”