Nicușor Dan assumed Romania’s presidency in May 2025 after defeating nationalist challenger George Simion in the runoff, backed by a pro-EU coalition. His fixed five-year term runs through 2030 with no scheduled presidential vote in 2026. Recent coalition breakdowns, including an April no-confidence motion and subsequent prime-ministerial nominations in June, have produced parliamentary friction and procedural disputes over consultation norms, yet these events have triggered neither impeachment proceedings nor resignation pressures. Traders price the low probability of an early exit around the absence of active constitutional removal mechanisms, verified health or legal threats, or viable parliamentary majorities capable of forcing departure before year-end.