Lucian Croitoru: Political Crisis Is Affecting Foreign Investors" Confidence

Adina Ardeleanu (Tradus de Andrei Năstase)
Ziarul BURSA #English Section / 14 octombrie 2009

Lucian Croitoru, Advisor to the Governor of the National Bank of Romania (BNR), believes that the ongoing political turmoil is affecting economic variables. "This is visible in the fluctuations on the foreign exchange markets," he said.

The ongoing political crisis is affecting the foreign investors" confidence in Romania and such confidence deficit can have a variety of effects and lead to unfavourable fluctuations in several macroeconomic indicators, Croitoru explained.

"The fall of the Government will jeopardize the agreement with the International Monetary Fund, only if it causes a failure to fulfil the conditions thereby agreed, but I do not expect such turn of events," he said.

National Bank Governor Mugur Isarescu recently said upon taking office on a renewed term that the National Bank of Romania would have to ensure financial stability, price stability as well as the good health of the currency, the lending system and the monetary flows.

Lucian Croitoru believes that the ongoing political crisis is making this mission more difficult on short term. "If political instability causes an increase in the budget deficit and incoherence in implementing the policies, we could have difficulties in achieving compliance with the conditions of the Exchange Rate Mechanism II," Croitoru warned.

Comanda carte
danescu.ro
arsc.ro
Stiri Locale

Curs valutar BNR

29 Apr. 2025
Euro (EUR)Euro4.9774
Dolar SUA (USD)Dolar SUA4.3711
Franc elveţian (CHF)Franc elveţian5.2912
Liră sterlină (GBP)Liră sterlină5.8568
Gram de aur (XAU)Gram de aur465.3708

convertor valutar

»=
?

mai multe cotaţii valutare

Cotaţii Emitenţi BVB
Cotaţii fonduri mutuale
targulnationalimobiliar.ro
energyexpo.ro
thediplomat.ro
BURSA
Studiul 'Imperiul Roman subjugă Împărăţia lui Dumnezeu'
The study 'The Roman Empire subjugates the Kingdom of God'
BURSA
BURSA
Împărăţia lui Dumnezeu pe Pământ
The Kingdom of God on Earth
Carte - Golden calf - the meaning of interest rate
Carte - The crisis solution terminus a quo
www.agerpres.ro
www.dreptonline.ro
www.hipo.ro

adb