Political crisis may affect the business environment

The economic frame may be affected by the president’s suspension, mainly because the Parliament’s decision means a temporary freeze in the legislation process.
The currency market is expected to become extremely volatile for a few days, but may be affected as well for a long term. Stock market indicators may also depreciate, analysts say.

“Generally speaking, the stock market is extremely sensitive to all foreign signals”, says Septimiu Stoica, Bucharest Stock Exchange president.

For the moment, there were no significant fluctuations in the national currency exchange rates. ING chief analyst Florin Citu claims that the appreciation trend of the national currency, RON, may be affected until the entire political crisis is solved.

HotNews.ro, Apr 19, 2007