Romania is poised to lose about €770 million ($816 million) in recovery funding from the European Union after it failed to approve a unified wage law.

Romania held interest rates at the highest level in the European Union, with the central bank waiting for inflation to slow below 10% and political turmoil to subside before considering policy easing.

Romania is likely to hold borrowing costs unchanged at the highest level in the European Union as a lengthy political crisis clouds the economic and inflation outlook.

Romania can keep the second nuclear reactor at its Cernavoda plant in operation for at least nine more days after explosive works on the Danube led to an increase in the flow of the river by 4cm (1.6 inches).

Romania’s parliament approved several bills that will help unlock about €3 billion ($3.4 billion) in European Union recovery funding that’s crucial for meeting this year’s budget deficit goal.

Thousands of healthcare workers in Romania went on their first nationwide general strike in a decade against a planned wage bill that’s key for unlocking European Union funds, heightening pressure on political parties to end a three-month deadlock over a new government.

Romania’s largest parliamentary faction proposed a cross-party “crisis taskforce” to discuss and approve crucial laws that the current caretaker government is unable to pass.

Romanian inflation eased as the impact of last year’s tax increases gradually faded away with the outlook for potential interest-rate cuts clouded by volatile oil prices.

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.