The sustainability of Romania's fiscal consolidation path, the still high budgetary deficit, and persistent macroeconomic imbalances remain key areas of concern, AmCham Romania has warned. The recent decision by Fitch to maintain the country's investment-grade rating at BBB- highlights vulnerabilities in the Romanian economy that remain unaddressed. The organization pointed to the causes of Romania's macroeconomic fragility, as identified in the Fitch report: political instability, uncertainty in decision-making, and the risk of a slowdown in reforms. “Companies have paid the cost of reducing the budget deficit, are investing, paying taxes, sustaining jobs, and supporting the economy during a difficult period, yet they cannot compensate for the lack of policy predictability, a criterion closely scrutinized by clients, shareholders, and institutional investors,” AmCham said. The organization said that the current context calls for less political confrontation and greater institutional responsibility, and that investor confidence and Romania's credibility depend on stable governance, predictable public policies, and the ability of public institutions to deliver on their reform commitments.