New pro-European president in Romania puts it
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Mr Simion had been the favourite to win but lost to pro-EU candidate Nicusor Dan in the final vote over the weekend.
JPMorgan said on Monday that an election win by Romania's centrist Bucharest mayor Nicusor Dan is reducing political risk ahead and that a sovereign ratings downgrade to below investment grade was now less of a concern.
Kyiv Independent on MSN16h
Romania’s new president faces daunting challenges after surprise victory over far-right upstartThere was a wave of euphoria and relief across Europe following the election of pro-European liberal Nicusor Dan as Romania’s new president. Moldovan President Maia Sandu echoed the sentiment: “Congratulations,
1hon MSN
Mr Simion had been the favourite to win but lost to pro-EU candidate Nicusor Dan in the final vote over the weekend.
But Romania's growth has steadily slowed since a post-pandemic bounce in 2021, and the European Commission forecasts its budget deficit at 8.6% this year and 8.4% in 2026, well above the government's 7% 2025 target outlined in a seven-year EU-approved plan.
A pro-European centrist has won Romania’s presidential election in a race seen as a key test of the country’s democratic direction
Centrist Bucharest Mayor Nicusor Dan is on course to win a presidential runoff vote over ultranationalist candidate George Simion, according to two exit polls, a result that is seen keeping Romania on its pro-Western path.