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

Poland tops employment rankings – OECD report

The EU’s employment rate reached a record high of 70.9% in the fourth quarter of…

2 days ago

Greece plans to repay Eurozone’s bailout loans whole decade in advance

Greece has announced plans to repay its first bailout loans a decade ahead of schedule,…

2 days ago

CEE economies tougher than you may think – ING

Despite their export-driven economies and strong manufacturing bases, Central and Eastern Europe (CEE) countries may…

2 days ago

Slovenia mulls French, US bids for nuclear project

Slovenia is at the centre of a strategic struggle between France and the US, as…

2 days ago

Single market is not single, and it’s costing us all

The EU’s internal market is still falling short of its founding promise. Despite decades of…

5 days ago

Foot-and-mouth sees culls, CEE border closures

An outbreak of foot-and-mouth disease (FMD) has prompted mass animal culls and tightened border controls…

1 week ago