Romania's PM steps down over presidential elections outcome

Business Forum
Romania's Social Democrat PM Marcel Ciolacu resigned on Monday evening, citing dwindling support for the ruling government coalition following Sunday's first round of presidential elections.

Interim President Ilie Bolojan said that an interim PM will be announced on Thursday.

“I have listened to your recent comments on television and in the media, and I have also listened to the voices of the Romanian people on Sunday. I believe the future president will decide, in conjunction with the parties capable of forming a parliamentary majority, who will govern and who will be the prime minister,” said the outgoing PM.

Crin Antonescu, the presidential candidate of the ruling coalition PSD-PNL-UDMR, failed to reach the second round of elections. Late last year, Ciolacu also ran for president but did not get enough votes to reach the second round, which was later cancelled due to allegations of foreign interference in the electoral process.

Ciolacu has been PM since June 2023 and has been leading the left-wing PSD since August 2020.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Electro-Alfa plans IPO on BVB
Finance

Electro-Alfa plans IPO on BVB

Electro-Alfa International, a Romanian electrical equipment manufacturer, has announced plans for an Initial Public Offering (IPO) on the Bucharest Stock Exchange (BVB).

Industry

Life sciences M&A surges 81% as big pharma hunts for growth, says EY

Global life sciences M&A activity increased by 81% in 2025 to $240 billion, driven by Big Pharma's large-scale deals, despite fewer overall transactions. The surge reflects companies prioritising innovations ready for launch as they face widening growth gaps.

Finance

Romania launches first 2026 Fidelis bond IPO on stock exchange

Romania's Ministry of Finance will conduct its first public offering of Fidelis government bonds for 2026 between January 16 and 23 on the Bucharest Stock Exchange. This marks the 32nd offering since the Fidelis program resumed in July 2020.

READ MORE
Business Forum  |  16 January, 2026 at 5:00 PM
Business Forum  |  16 January, 2026 at 4:13 PM