Bucharest Mayor Nicușor Dan won the second round of presidential elections in Romania as an independent candidate, defeating George Simion, leader of the nationalistic AUR party.
The main index of the Bucharest Stock Exchange (BVB), the BET, experienced a significant downturn on Monday, falling by 2.63% to 16,689 points by the late afternoon.
The Romanian currency leu has depreciated on Monday against major currencies, following the first round of presidential elections in Romania.
George Simion, the President of the Alliance for the Union of Romanians (AUR), and independent candidate Nicușor Dan, Mayor of Bucharest, have emerged as winners
Close to 12,000 Romanians that are abroad had already voted by Friday morning in the first round of presidential elections.
Cushman & Wakefield Echinox has been appointed to sell Joyson Safety Systems' industrial property in Ribiţa, Hunedoara County, as the automotive safety components manufacturer consolidates operations at its Arad hub.
Romanian authorities are making over €8 billion available this summer in EU funds and state aid for businesses and local public authorities, according to REI analysis, a consultancy group specialising in attracting non-reimbursable financing.
The National Road Investment Company (CNIR) has capitalised on European financial frameworks by signing the first two infrastructure contracts for the A8 Unirii (Union) Motorway.
Christian Tour, one of Romania's largest tour operators, has successfully completed its initial public offering (IPO), ahead of its listing on the BVB.
A Russian Geran-2 combat drone breached Romanian airspace and crashed into a residential apartment block in the eastern city of Galați early on 29 May, intensifying security concerns along NATO's eastern flank.