Nicușor Dan Backed by USR and PNL Faces Far-Right Simion in Romanian Runoff as Central Bank Spends 2 Billion Euros to Stabilize Market

Romania is heading into the second round of its 2025 presidential election, with independent candidate Nicușor Dan receiving backing from the USR and PNL parties against far-right contender George Simion. Simion, who won the first round, has been described as a pro-Russian figure, leading to immediate economic repercussions including a sharp decline in Romania's currency, the leu, and capital flight from bond and equity markets. The National Bank of Romania spent approximately 2 billion euros, or 4% of its reserves, to stabilize the leu. Financial markets opened lower amid political uncertainty, with rising interest rates prompting the central bank to inject liquidity.

Simion has proposed radical reforms, including plans to cut 500,000 public sector jobs to reduce bureaucracy, though Dan has criticized this proposal as unrealistic. Both candidates have agreed to participate in televised debates, with the final debate scheduled for May 15 at Palatul Cotroceni. Finance Minister Tánczos Barna acknowledged the current economic challenges but stated the budget deficit remains within normal parameters and emphasized the need for political stability. Dan has urged calm, highlighting Romania's competitive private economy and doubled GDP over the past decade, while rejecting calls for early elections proposed by Simion. The election outcome is viewed as a pivotal moment for Romania's political and economic future, with international observers noting the potential risks associated with Simion's rise.