Brexit could affect Romania’s economy in the short-run

United Kingdom’s exit from the European Union (known by the public as ‘Brexit’) could have potential negative effects on Romania’s assets, as declared by the general director of BCR Pensii, Radu Craciun.

The general director believes  UK’s exit would determine investors to sell assets with high-risk and from emerging countries, such as Romania, which could cause the impairment of these assets, including the fall of the Romanian ‘leu’.

While in his opinion, it is unlikely that foreign investors would retreat from Romania in case of a Brexit, he believes that the numbers of future investors  ready to invest in the country would drop.

“The acute perception of the unpredictable economical evolution from the EU in the future might convince many international companies to postpone their plans of extension or investment,” declared the general director of BCR Pensii, in an interview with Agerpres.

Craciun however counts on the intervention of the Romanian National Bank (BNR) to temper an eventual drop of the national currency.

Read more about

#futureofwork2024 | Andreea Voinea (BCR): Nurturing Talent and Embracing Change

read more

“I expect BNR to show up when needed to limit the impairment of the leu and guarantee the liquidity on the monetary market,” he said.

Andreea Dulgheru