Romania held interest rates at the highest level in the European Union as policymakers tackle double digit inflation in an economy on the verge of a recession.

President Donald Trump spent the bulk of his speech at the NATO summit airing frustrations about Iran, telling allies that the US isn’t interested in regime change anymore and that European countries have let him down repeatedly.

Romania held interest rates at the highest level in the European Union as policymakers tackle double digit inflation in an economy on the verge of a recession.

Polish and Romanian policymakers are expected to keep interest rates unchanged on Wednesday as inflation moderates across much of eastern Europe after a spike in price pressures during the US-led war on Iran.

NATO allies are close to a landmark agreement to extend a Cold War-era fuel pipeline network to eastern Europe and Turkey, aiming to ensure those countries can get supplies in a crisis.

Moldova’s prime minister resigned after only eight months, as a corruption scandal ramps up pressure on President Maia Sandu’s administration to push through reforms crucial to the country’s European Union accession bid.

NATO members pledged €70 billion ($80 billion) in military aid to Ukraine for 2026 and “at least the equivalent levels” in 2027, ensuring continued support as Russia’s war shows few signs of abating.

Romania’s president said he won’t nominate a new prime minister until political parties strike a deal to form a parliamentary majority, a move needed to break a months-long deadlock that’s stalled vital reforms tied to European Union funding.

Romania’s political establishment failed to break its deadlock as the four parties from the recently broken coalition offered competing candidates for the prime minister’s post.

Romania’s Social Democrats will put forward their leader Sorin Grindeanu as a potential candidate for prime minister during talks with the other pro-European parties in the latest attempt to end political deadlock.

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.