National Romanian Bank: financial risks remain moderate in Romania

Luni, 30 iunie 2008, 15:55 English | Business

Risks related to the financial stability in Romania remain moderate even though there are several internal macro-economic sources of instability emphasized by the international financial crisis, a National Romanian Bank report shows on Monday. The banking sector evolved just like in the previous years and, so far, no other bank activated its emergency plan due to external pressures.

Nonetheless, risks generated by companies and the population increased to the flexibility of the exchange rate and due to the foreign currency debts.  

The report published on Monday presents the financial system's adaptability and the impact of its relations with the real economy and foreign environment. The report shows that Romania is still dependent upon foreign resources but the level is way below the one registered in other countries in the region.

National Bank experts estimate that Romania's economic growth will maintain at an acceptable level. The report argues that pressures coming from the labor market are not to be neglected since they can have a negative impact upon commercial companies.