The current account deficit started to lower (as share in the GDP). I think that, in the case of S&P, it was about the tendency to negative arguments. It is true that the international climate has worsened, but I think they concentrated unfairly on Romania, Croitoru explained. The BNR Governor Counselor underlined the fact that the deficit of current account was at a high level last year as well and during the last months, the authorities took measures to lower the economic imbalance by referring to the BNR. Over the first 8 months of this year, the current account deficit of Romania grew insignificantly, by 1.55% up to EUR 10.006 bn, from EUR 9.853 bn over the same interval of 2007, according to the data published by the BNR. 

Over the first semester of the year, Romania’s economy grew by 8.8% the GDP reaching EUR 53.3 bn. The S&P analyst, Marko Mrsnik argued, in the announcement of the rating agency, that the decision-makers attacked the most important economic issues, in the context where the attention changed towards general elections to come, which increased trouble and lack of cooperation in the 0political environment. Croitoru mentioned as main consequence of Romania lowered rating, the increase in foreign financing, but he does not consider that this will reflect in a slowing down of economic growth of Romania for 2009. The
decision could affect negatively the volume of foreign direct investment in Romania, the BNR official concluded.