“We need in the shortest time”

The political risk generated by the result of the elections can affect the economic indicators and it is necessary as soon as possible to form a responsible government and immediate reforms to restore the macroeconomic balance, considers the Minister of Finance, Tanczos Barna.

‘We see signs of improvement of market conditions: the course of the leu has stabilized and have begun to decrease long -term financing costs on the domestic market. It is the proof that the state institutions work and the NBR has sufficient tools to maintain a balance on the exchange rate. However, we must remain balanced and reserved. The rating agencies and markets evaluate the current political situation as a significant risk and negative factor. The political risk generated by the result of the elections can affect the economic indicators. We need as soon as possible to form a responsible government and immediate reforms to restore the macroeconomic balance ‘, wrote the Minister of Finance on Friday night, on his Facebook page.

The national currency was appreciated on Friday, in relation to the euro, which was calculated by the National Bank of Romania (BNR) to 5,1165 lei, decreasing by 0.57 money (-0.11%) compared to the previous quota, of 5,1222 lei.

On the other hand, however, the ROBOR index at three months, depending on which the cost of consumer loans in lei with variable interest is calculated, climbed to 7.31% per year, from 7.25% per year in the previous meeting, according to the data published by the National Bank of Romania (BNR).

In this context, the analysts of the S&P Global Evaluation Agency appreciate that the current political crisis in Romania and the possible delays in the elaboration of response policies to the economic imbalances, which appeared as a result of the coalition government this week, could undermine some sources of external financing.