EC president Ursula von der Leyen with Romanian PM Vasile-Florin Cîțu, Photo: Etienne Ansotte
With the country seeing a massive surge of the COVID-19 pandemic and having to deal with a tenuous international credit rating, now Romania’s government has failed to pass through a no-confidence vote today, 5 October.
Romanian prime minister Florin Citu and his minority-led coalition had only been in power for 9 months, but his Liberal Party’s falling out with its main coalition partner led to political tensions and a stalemate. For his part, Citu said he was leaving all options on the table.
Later today, Romania’s president, Klaus Iohannis, is expected to nominate a new prime minister, but has several potential courses of action he could take, including appointing a caretaker government.
In a separate-yet-related matter, today Romania’s currency, the leu, rebounded after the country’s central bank raised interest rates to curb inflation.
Source: Bloomberg
As Donald Trump officially declared his victory in the US election, he received congratulations from…
European leaders committed to developing a defence industry base and enhancing EU competitiveness at an…
The EU and the Republic of Korea formalised a comprehensive Security and Defence Partnership in…
Poland is the dominant country in the Central and Eastern Europe (CEE) business landscape, with…
Hungarian Prime Minister Viktor Orban, no stranger to political brinkmanship, went all in on Donald…
Moldovan President Maia Sandu defeated her pro-Russian rival Alexandr Stoianoglo by around 55% to 45% in the presidential second-round…