Romanian government could soften structural reforms Fitch.

By bne IntelliNews December 11, 2012
Romania's government will be able to take much faster decisions following the December 9 election results, given its robust parliament, but it is also expected to show a certain resistance to structural reforms and privatisation, and might consider going into broader consultations on key issues as unnecessary, Fitch analyst Matteo Napolitano told news agency Mediafax. Romania's ruling coalition USL received some 60% of the votes in the parliamentary ballot and might win control over two thirds of the parliament seats. Even though a certain resistance to reforms and privatisation is expected, the Fitch expert also believes that the ruling coalition will eventually pursue the necessary reforms. Since the elections' outcome was in line with expectations, he does not anticipate any major impact on the exchange rate. The local currency will further strengthen slightly next year, Napolitano said.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss