Romania's political landscape remains centered on caretaker Prime Minister Ilie Bolojan, whose pro-EU coalition collapsed after the Social Democratic Party withdrew support and backed a no-confidence motion that passed 281-4 on May 5, 2026. Bolojan continues in an interim role with limited powers while parliament seeks a successor, but repeated nomination attempts—including a June effort—have failed to secure a majority amid fragmented coalitions and opposition from both centrist and far-right parties. This deadlock, driven by disputes over austerity measures and EU funding priorities, sustains uncertainty around the timing of a new government approval. Traders monitor parliamentary sessions and party negotiations for signals of resolution, with economic pressures from fiscal instability adding weight to the process.