Recent government collapse after the May 5 no-confidence vote against Prime Minister Ilie Bolojan has shifted focus to coalition negotiations rather than parliamentary dissolution. President Nicușor Dan has begun consultations with parties to form a new pro-European cabinet, with major groups including the Social Democrats and National Liberals signaling preference for a minority or coalition government over early elections. Snap polls remain unlikely ahead of the 2028 cycle, given AUR’s leading position in surveys and constitutional barriers that require prolonged deadlock before dissolution. With no major impasse reported since the vote and ongoing talks targeting a resolution within weeks, trader consensus reflects limited near-term risk of parliament being dissolved by July 31.