Romanian President Nicusor Dan urged political parties to agree swiftly on support for a minority government to end weeks of turmoil that have stalled key reforms for crucial European Union funding.

Romania’s prime minister nominee failed to win parliamentary approval for his proposed cabinet, prolonging a political deadlock that is stalling key reforms for crucial European Union recovery funding.

Romania’s prime minister-designate turned to far-right lawmakers for support as he tries to build a majority ahead of a confidence vote in a deeply divided parliament.

Romania’s president unexpectedly swapped his premier nomination on Sunday, exposing fresh strains inside pro-European forces and risking further turmoil.

Romanian prime minister nominee Eugen Tomac failed to secure the endorsement of a second pro-European party, clouding his election prospects in the country’s fractious parliament.

Romania’s Prime Minister-Designate Eugen Tomac failed to secure backing from parliament’s third-largest force, in a setback for his bid to win over a majority for his technocratic cabinet.

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.