Romania's Constitutional Court on Monday validated the shock first-round result in its presidential election, setting the stage for a run-off vote on Dec. 8 that could upend the country's pro-Western orientation and erode backing for Ukraine.

Romanians are voting in a parliamentary election sandwiched between a two-round presidential race. The first round plunged the European Union and NATO member country into unprecedented turmoil following allegations of electoral violations and Russian interference.

The blue chips index BET at the Bucharest Stock Exchange lost 2.35% on December 3 in a session dominated by volatility and lack of predictability, which started with a 0.76% advance building on positive dynamics on the first day after the parliamentary elections that indicated a

Romania's political future looked uncertain Monday after legislative elections produced a fragmented parliament, with the far right making big gains a week before the second round of a presidential election in which a pro-Russian candidate is in pole position.

Calin Georgescu, who had been widely dismissed as a fringe candidate, won the most votes on Sunday with 22.9 percent. He will face a more centrist opponent in the second round on Dec. 8.

Romania's top court on Friday postponed a decision on whether to annul the first round of a presidential election until Dec. 2, after a shock result caused suspicions of interference in the campaign.

Romania’s top court ordered a vote recount in the first round of the presidential election, it said on Thursday, in a ruling observers said risked tarnishing the credibility of state institutions ahead of two more ballots.

A top Romanian court has validated the first round of a presidential race in which a far-right outsider emerged as the frontrunner, plunging the country into a week of turmoil amid allegations of elec

Romania’s top court validated the outcome of a key presidential vote, approving the candidacy of a pro-Russian candidate for a runoff with high geopolitical stakes for the nation on NATO’s eastern flank.

The unanimous decision came after it asked the Central Election Bureau to recount and verify all 9.4 million ballots cast in the first round of the election on Nov. 24