Investing.com -- Nicusor Dan, the centrist mayor of Bucharest, has emerged victorious in the Romanian presidential election, securing approximately 54% of the votes. His opponent, George Simion, the leader of the far-right Alliance for the Unity of Romanians, received about 46% of the vote.
In response to the news, Euro fell 1.6% against the Romanian Leu, erasing nearly all gains made in the run-up to elections.
Dan’s decisive victory was propelled by the highest voter turnout Romania has witnessed in 25 years, with nearly 65% of eligible voters casting their ballots. As the newly elected president, Dan has promised to back the pro-European government and work towards stabilizing the country’s economy.
Despite this victory, Romania faces a long road ahead. A new Prime Minister needs to be appointed, and the government is tasked with presenting a credible plan for fiscal consolidation. For President Dan, the appointment of a new Prime Minister is a top priority.
Meanwhile, the outcome of the first-round presidential ballot in Poland was less definitive. The centrist mayor of Warsaw, Trzaskowski, is locked in a tight race with nationalist candidate, Nawrocki.
The second round of the presidential elections in Poland is scheduled for Sunday, June 1.
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