“Risks are generated by uncertainties regarding the fiscal and salary policy, as well as the unfolding of structural reforms, in the context of this year’s electoral events and the absence of agreements with international financial institutions,” said Isarescu.

Asked whether he expects potential pay raises or fiscal measures in the context of the electoral year, considering that the technocrat government led by Prime Minister Dacian Ciolos pledged not to take this kind of measures, Isarescu said he does not expect these risks to materialize.

Romania will hold local elections in June and parliamentary elections towards the end of the year.