Romania’s election outcome
CEE Insights , 19. Mai
In Romania, Nicusor Dan (centrist mayor of Bucharest) won the presidential election securing around 54% of the votes. George Simion, leader of the far-right Alliance for the Unity of Romanians, got about 46% of vote. The decisive victory was fueled by Romania’s biggest voter turnout in 25 years reaching almost 65%. We expect that victory of Dan in Romania is likely to bring some relief to markets with some appreciation pressure on the FX and the long-term yields declining. This week, there will be a limited set of data releases in the region. Czechia, Poland and Slovenia will publish producer prices for April. Poland will also release industrial output growth in April, as well as labor market data – wage and employment growth. Labor market outcomes will also be known in Slovakia and Hungary as the unemployment rate release is scheduled in both countries. Finally, wage growth in March is due in Croatia.