Urban voters, women and ethnic minorities overwhelmingly supported Dan. His conservative rival, George Simion, has announced plans to file a legal challenge to annul the election, citing 'foreign interference.

Long before he entered politics, he was recognised as a math prodigy, winning two consecutive gold medals at the International Mathematical Olympiad.

JPMorgan said on Monday that an election win by Romania's centrist Bucharest mayor Nicusor Dan is reducing political risk ahead and that a sovereign ratings downgrade to below investment grade was now less of a concern.

There was a wave of euphoria and relief across Europe following the election of pro-European liberal Nicusor Dan as Romania’s new president. Moldovan President Maia Sandu echoed the sentiment: “Congratulations,

The election result could reshape the direction of the pro-EU and NATO member nation bordering war-torn Ukraine.

BUCHAREST (Reuters) -An "optimistic, realistic" budget deficit target for Romania in 2025 is 7.5% of economic output, President-elect Nicusor Dan said on Thursday, adding that preliminary talks on the 2025 and 2026 budgets do not include tax increases.

Official results from almost all of Romania's voting stations showed Nicusor Dan, mayor of Bucharest, received about 54% of ballots cast.