Allianz Trade analysis: Romania remains one of the most vulnerable economies in Central and Eastern Europe despite regional recovery

The global country risk improved in 2025, with 36 ratings revised positively and only 14 downgrades, according to the latest Allianz Trade analysis. The evolution reflects the ability of several economies to adjust their fiscal, monetary, and trade policies in a difficult international context. Among the countries that have seen improvements are Argentina, Ecuador, Hungary, Italy, Spain, Turkey, and Vietnam. In Central and Eastern Europe, the trend is mixed. While some economies in the region benefit from solid macroeconomic fundamentals, Romania remains exposed to significant vulnerabilities, particularly in the area of public finances and external imbalances. The domestic economic recovery is slow, and the r...