Coface: Country rating maintained at A4- for Romania in 2008
Recently, Coface introduced a new rating evaluating the quality of the business environment in a certain country, with the business environment in Romania having reached a rating similar to those in Bulgaria and Turkey A4-.
According to the representatives of the company, the current account deficit represents a major problem of the Romanian economy, although it saw a record economic growth against the countries in the EU. Estimates for the end of the year point to a current account deficit standing at 13.6% of the GDP.
Among the weak points identified back then there were the increase in the current account deficit and inflation, as well as the increase in the interest rate and the volatility of the Romanian national currency leu.