Articles
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3 days ago |
bloomberg.com | Andra Timu |Alberto Nardelli |Jorge Valero
President Nicusor Dan has said addressing Romania’s budget is his number one priority. (Bloomberg) -- The European Union is likely to offer the Romanian government a reprieve to introduce measures aimed at paring its ballooning budget deficit before moving to potential punitive action against the Black Sea nation.
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1 week ago |
bloomberg.com | Andra Timu
The headquarters of Romania's central bank in Bucharest. (Bloomberg) -- Romania’s central bank injected the highest amount of liquidity to the domestic market in almost seven years as it sought to bring down short-term interest rates that spiked because of recent political turmoil. The Black Sea nation’s assets came under pressure earlier this month and the leu weakened to a record low against the euro after a far-right candidate won the first round of the presidential election.
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1 week ago |
bloomberg.com | Irina Vilcu |Andra Timu
Nicusor Dan(Bloomberg) -- The ballot numbers added up for Romania’s Nicusor Dan, the one-time math prodigy who defeated a formidable far-right challenger to win the Black Sea nation’s presidency this month. But Dan, the former Bucharest mayor who was sworn in as the country’s head of state on Monday, will confront a wholly different set of numbers as he seeks to narrow what has become the European Union’s widest budget deficit.
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2 weeks ago |
bloomberg.com | Andra Timu |Irina Vilcu
Nicusor Dan at the Constitutional Court in Bucharest, on May 22. (Bloomberg) -- Romania’s newly-elected president expects several weeks of negotiations on a new government, saying the key focus needs to be on tackling the budget crisis and avoiding a credit rating downgrade. Nicusor Dan, who defeated far-right candidate George Simion in the presidential runoff on May 18, told reporters he’ll call for talks with the four pro-European groups immediately after he’s sworn in on Monday.
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2 weeks ago |
bloomberg.com | Andra Timu
Ilie Bolojan(Bloomberg) -- Romania’s interim president said a government lacking a parliamentary majority may need to push through urgent reforms if parties don’t set aside differences and forge a broader pro-European coalition. Ilie Bolojan, who will step aside when President-elect Nicusor Dan takes office in the coming days, said the best option would be an alliance that wields a majority in parliament.
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