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AmCham: Romania still needs to pass test of reforms, political stability
['Romania Insider']
Romania Insider
The sustainability of Romania's fiscal consolidation path, the still high budgetary deficit, and persistent macroeconomic imbalances remain key areas of concern, AmCham Romania has warned.
The recent decision by Fitch to maintain the country's investment-grade rating at BBB- highlights vulnerabilities in the Romanian economy that remain unaddressed.
The organization pointed to the causes of Romania's macroeconomic fragility, as identified in the Fitch report: political instability, uncertainty in decision-making, and the risk of a slowdown in reforms.
“The current crises in the energy and cybersecurity sectors have exposed systemic vulnerabilities that would have been avoidable had the necessary reforms and investments been undertaken in time.
AmCham currently gathers more than 600 American, international, and Romanian companies with cumulative investments of over USD 30 billion in the country.