Erste expects smooth PNRR laws approval and sovereign rating status quo in Romania

28 July 2026 Erste Group does not expect any changes to Romania's rating and outlook under the Fitch review scheduled for the evening of Friday, July 31, after the markets close, according to the weekly macroeconomic report published on July 27. Erste also referred to the extraordinary session of the Parliament in Bucharest, convened between July 27 and 31 to debate draft laws that represent milestones in the recovery program on which access to European funds depends. Analysts believe the process should proceed smoothly. The lawmakers have to legislate six laws that are also PNRR milestones with EUR 4.5 billion grants attached, but at least one of them - the Wage Law for the budgetary sector (EUR 770 million grant attached) will be deferred amid a lack of agreement. It is understood that t