Romania

Romanian Government Fails No-confidence Vote

Reading Time: < 1 minute

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

CET Editor

Recent Posts

US soldiers die during Lithuania training exercise

A total of three US soldiers were found dead while a fourth remains missing after…

2 days ago

Trump-Putin detente could revive Nord Stream 2

The US and Russia are discussing the potential reopening of the Nord Stream 2 gas…

2 days ago

Dodik dodges arrest warrant, surfaces in Moscow

Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday…

2 days ago

CEE startups outpace Western Europe rivals

Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and…

2 days ago

Gender pay gaps remain in CEE, despite EU efforts

Romania and Poland have gender pay disparities among the lowest in the EU, according to…

1 week ago

Europe’s trilemma: rearmament, green transition, competitiveness

European leaders met in Brussels on 20 March to confront a mounting policy dilemma: how…

1 week ago