Romania’s political crisis puts plans to cut budget deficit at risk and could undermine the country’s investment grade rating at a time when the economy is in a fragile state, Fitch Ratings warned.

Romania’s political crisis puts plans to cut budget deficit at risk and could undermine the country’s investment grade rating at a time when the economy is in a fragile state, Fitch Ratings warned.

Romania is poised to keep interest rates at the highest level in the European Union as policymakers confront the dilemma of double-digit inflation and a deepening recession.

Romania is poised to keep interest rates at the highest level in the European Union as policymakers confront the dilemma of double-digit inflation and a deepening recession.

Romanian President Nicusor Dan said he may nominate a new prime minister as early as next week once formal consultations with political parties lead to a clear parliamentary majority for the next government.

A Romanian political crisis is once again testing the country’s managed float currency regime, with the central bank allowing the leu to slip to record lows this week.

A Romanian political crisis is once again testing the country’s managed float currency regime, with the central bank allowing the leu to slip to record lows this week.

Romania’s government collapsed after losing a no-confidence vote, triggering challenging talks over a new cabinet that’s needed to safeguard efforts to rein in the European Union’s widest budget deficit.

Romanian lawmakers will vote on ousting Prime Minister Ilie Bolojan in a move that could plunge the country into a renewed political crisis and imperil efforts to narrow the widest budget deficit in the European Union.

Romania moved a step closer to losing its prime minister after the former ruling party unexpectedly joined forces with the far right opposition to file a no-confidence vote against the minority government.

Romania’s finance minister warned that the current political turmoil is increasing funding costs and may raise the risk of the country losing its investment grade credit score.

Romania’s finance minister warned that the current political turmoil is increasing funding costs and may raise the risk of the country losing its investment grade credit score.

Romania’s former top ruling party will join the far-right opposition in a attempt to topple the prime minister, Ilie Bolojan, in the latest escalation of the political crisis that threatens to derail efforts to cut the European Union’s widest budget gap.

Romania’s former top ruling Social Democratic party will join forces with the far-right opposition in a attempt to bring down the minority government of Prime Minister Ilie Bolojan, its deputy leader said.

Romania will rely on a minority government to push through reforms needed to secure billions of euros in European Union funds after the largest party in the coalition quit in a dispute over unpopular austerity measures.

Former Moldovan strongman Vladimir Plahotniuc was sentenced to 19 years in prison for his involvement in a $1 billion banking fraud that left the nation on the verge of bankruptcy over a decade ago.

Romania’s government is on track to lose its parliamentary majority after the biggest party in the four-member coalition signaled it’ll go into opposition, risking political instability and imperiling a drive to narrow the European Union’s widest budget deficit.

The biggest party in Romania’s ruling coalition warned it will withdraw ministers from the government, raising pressure on Prime Minister Ilie Bolojan to step down and pushing the four-way alliance further to the brink of collapse.

The biggest party in Romania’s ruling coalition warned it will withdraw ministers from the government, raising pressure on Prime Minister Ilie Bolojan to step down and pushing the four-way alliance further to the brink of collapse.

Romania was thrown into fresh political turbulence as the largest ruling party withdrew backing for Prime Minister Ilie Bolojan, whose fragile coalition government may now be on the verge of falling apart.