Luca Niculescu has taken office as prime minister, and S&P has not downgraded Romania's rating
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Luca Niculescu has taken over as prime minister at the Victoria Palace. The change of government followed the failure of previous governing formulas and other political arrangements that were unable to sustain a stable majority.
The new government, supported by the PSD, begins its work at an important moment for the country's economy. The rating agency S&P has not lowered Romania's credit rating. This matters because the rating influences the cost of loans the state takes out on financial markets and the confidence of foreign investors.
The decisions taken by the new executive will be closely watched in the coming months, especially with regard to the budget and fiscal policies. Analysts say political stability remains an essential factor for the economy. So far, the information available does not show any major changes in the government's plans, and citizens will be able to assess the results over time.
Sources: Ziarul Bursa
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