The Romanian government fell on 27 April, losing a no-confidence vote after being in office less than three months. Ousted Prime Minister Mihai-Razvan Ungureanu of the centre-right Democratic Liberal Party (PDL) failed to achieve the necessary support in parliament amid a series of unpopular austerity measures and growing discontent with widespread corruption. President Traian Basescu designated opposition leader Victor Ponta from the Social Democrat Party (PSD) as the new Prime Minister. Ponta's Social Liberal Union (USL) coalition is formed by the Social Democratic Party, the National Liberal Party (NPL) and the Conservative Party (PC). In the 7 May confidence vote, the USL gained the support of 284 members, giving the coalition absolute majority in parliament. The collapse of Ungureanu's government took place while a joint mission from the International Monetary Fund (IMF) and the European Union was reviewing the country
Romanian government falls amid backlash against austerity
May 2, 2012
Looking for forecasts related to Other in Romania? Download a sample report now.
Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.