Romania’s finance chief said a new government will need to move quickly to fix state finances even after the election of Bucharest Mayor Nicusor Dan as president helped soothe market turmoil that’s engulfed the Black Sea nation.

Democratic Alliance (AD) - This alliance includes the centre-right Social Democratic Party. Its leader, Luís Montenegro, won snap elections in 2024 and has led a minority government with 80 seats since then. He lost a vote of confidence in March, which led to the election

Nicușor Dan swept to victory in Romania's presidential election on Sunday, defeating far-right nationalist rival George Simion with nearly 54 percent of the vote. Dan, 55 the centrist mayor of Bucharest and former mathematician who campaigned for an "honest" Romania, was victorious over Simion, 38, in a tense rerun of the contest.

Pro-West independent candidate Nicusor Dan staged a dramatic comeback on Sunday to win the Romanian presidential elections with a firm 54% of the votes. His contender, hard-right candidate George Simion,

France has faced a barrage of accusations of meddling in Romania's elections, even forcing its foreign intelligence service to publicly respond to claims published by the founder of the Telegram messaging app.

Romania’s presidential election saw the centrist mayor of Bucharest defeat a far-right Donald Trump loyalist, while a nationalist finished a close second in Poland to set up a tight runoff on June 1.

Romania's political crisis ends with Nicușor Dan's firm victory in the presidential elections runoff on Sunday. Dan, an independent pro-Western candidate, won 53.60% of the vote. View on euronews