Political instability to weigh on Romania's deficit reduction efforts beyond 2026, Fitch says
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20 Articles
Victor Ponta congratulated Finance Minister Alexandru Nazare, after the Fitch agency reconfirmed Romania's country rating at the level of "BBB – with a stable perspective, keeping the status recommended for investments. Article Victor Ponta's warning after the Fitch report: "Without a government with full powers we will all get to the ‘junk' category first appears in Romania TV.
"Romania stabilizes financially," said Nicușor Dan, who came out publicly on Saturday morning after overnight the Fitch agency announced it kept
President Nicousor Dan said on Saturday that despite the political noise, Romania is functioning, among the most important laws to be adopted only the Wage Act. The head of state stressed that he will enact next week the latest laws adopted by Parliament, which are jealous in the PNRR
Political instability to weigh on Romania's deficit reduction efforts beyond 2026, Fitch says
Romania just avoided a downgrade from the last rung of investment grade as its budget deficit narrowed more than expected, but political instability after a government collapse have reduced policy visibility beyond 2026, Fitch Ratings said on Saturday.
Alexandru Nazare, Minister of Finance, reacted after Romania avoided to the limit the downgradation in the category "junk". The official warns that maintaining the Fitch rating to "BBB-" offers us time, not comfort, and that any fiscal or political misappropriation can bring severe sanctions.
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