Romania's president asks finance minister Citu to form government

Romania's president asks finance minister Citu to form government
  • Clock-gray 01:19
  • calendar-gray 27 February 2020

Romania’s centrist President Klaus Iohannis appointed interim Finance Minister Florin Citu as prime minister-designate to try to form a transitional government until a parliamentary election in November, seeking end to political deadlock, APA rpeorts quoting Reuters. 

Lawmakers toppled Prime Minister Ludovic Orban’s three-month-old minority government this month in a confidence vote spearheaded by the opposition Social Democrats, the country’s largest parliamentary group. 

The Romanian leu hit fresh record lows this week, partly driven by political uncertainty in one of European Union’s poorest members, and the country’s longer-term government bonds fell sharply on Tuesday. 

“I want to quickly unlock this deadlock, my nominee for prime minister is the finance minister,” Iohannis told reporters after consultations with political groupings. 

“I do hope he’ll soon put together a cabinet line-up and governing program and present it to legislators.” 

Orban’s ousted cabinet is running the country on an interim basis, with limited powers, as widening budget and current account deficits put pressure on assets and rating outlooks.

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