The country’s center-left ruling coalition USL has won majority votes in both the Senate and the Deputies Chamber, according to partial results.
“The picture that is emerging from the partial results of the election is broadly in line with expectations,” said Matteo Napolitano, a director with Fitch agency.
USL’s overwhelming victory should help improve decision-making at government level, Napolitano told Mediafax.
“Conversely, a government with a large majority could feel that it has a free rein to take far-reaching decisions without broader consultation,” he said.
The Fitch official estimates Romania’s upcoming government will focus on structural reforms, which should be central to any follow-up deal with the International Monetary Fund.
“We anticipate some resistance to structural reform, state-owned enterprises restructuring and privatization, but ultimately we expect there to be sufficient consensus across the political spectrum to push it through,” Napolitano said.
The ratings agency doesn’t expect the parliamentary elections to have a significant impact on the leu/euro exchange rate.
“We currently expect the leu to appreciate modestly versus the euro in 2013,” Napolitano added.