Investors are concerned about potential instability in Romanian markets following a significant sell-off and the upcoming presidential elections, where far-right candidate George Simion could succeed. With the country facing a budget deficit exceeding 9% of GDP, both candidates have vague plans for fiscal reforms, leading to heightened uncertainty about Romania’s investment-grade status and the future of the leu. The new administration will also need to navigate EU fund access and potential capital outflows, as investor confidence wavers amid political changes.
