Romania, EU and Pro-Europeanism
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Romania’s nationalist presidential candidate George Simion lost to centrist candidate Nicusor Dan on Sunday in the second round of the
Romania’s assets staged a relief rally after a centrist candidate defeated his nationalist opponent in the presidential election, with investor focus now shifting to how quickly a new government can fix the state’s finances.
But Romania's growth has steadily slowed since a post-pandemic bounce in 2021, and the European Commission forecasts its budget deficit at 8.6% this year and 8.4% in 2026, well above the government's 7% 2025 target outlined in a seven-year EU-approved plan.
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