“The Constitutional Court has established that the debt discharge law and the CHF conversion law will not affect the banking activity, so that they represent lower risks for the country’s financial stability. They continue to represent risks, but lower risks than they were back in 2015,” Voinea said Tuesday, at the presentation of the central bank’s Financial Stability Report 2016.
The debt discharge law and the law regarding the conversion of foreign currency loans into Romanian lei were considered high risks for the country’s financial stability in the central bank’s Financial Stability Report 2015.
Another risk for financial stability is the “incertitude of the budgetary construction”, in the context of the recent political changes.
Overall, Romania has a sustainable economic growth, as imports grew at a slower pace than domestic consumption, while the supply is facing up better and better to the domestic demand, according to the report.