Romania has launched a bold fiscal overhaul to fix its record deficit by raising taxes and curbing spending. The short-term hit to growth and inflation will be significant, but the plan could also ...

Fitch Ratings said that there are implementation risks to Romania's fiscal consolidation plan, which will weigh on the country's economic growth.

Political risks have eased in Romania since the previous government introduced a consolidation package in late 2024 amid ...

The political uncertainty pushed Romania’s budget deficit above 9% of economic output last year, raising concerns about a potential downgrade to below investment grade. Financial markets stabilized in ...

The trade comes five days after S&P and Fitch upgraded Bulgaria to BBB+ from BBB on July 10, handing stable outlooks to the ...

The implementation of tax hikes and other measures to lower Romania's deficit, the EU's largest, depends on the stability of ...

Fitch Ratings said that it has lifted United Bulgarian Bank’s (UBB) long-term issuer default rating (IDR) to 'A' from 'A-' ...

Global ratings agency Fitch on Thursday upgraded Bulgaria's long-term foreign-currency issuer default rating to 'BBB+' from ...