Romania’s largest bank shares tumbled after the nation’s competition watchdog imposed a record fine over alleged collusion in setting money-market rates.

Romania’s largest bank shares tumbled after the nation’s competition watchdog imposed a record fine over alleged collusion in setting money-market rates.

A marine drone used in the war in Ukraine exploded in the Romanian port of Constanta a week after another drone crashed into a building in another town in the NATO and EU member state.

When Mihai Bordeanu, the head of Renault’s Dacia car plant in Romania met with former prime minister Ilie Bolojan last month, he had bad news about the country’s flagship export: sales were dropping and the company needed to lay off workers.

When Mihai Bordeanu, the head of Renault’s Dacia car plant in Romania met with former prime minister Ilie Bolojan last month, he had bad news about the country’s flagship export: sales were dropping and the company needed to lay off workers.

Romanian President Nicusor Dan nominated his adviser, Eugen Tomac, as prime minister in a bid to end a political crisis and tackle one of the European Union’s widest budget deficits.

The crash of a Russian drone into a Romanian apartment building on Friday laid bare Europe’s lack of preparedness in confronting modern aerial warfare even as fighting rages across the border in Ukraine for a fifth year.

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.