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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on January 12, 2025

    Featured image for article about Headlines

    BUCHAREST (Reuters) - Tens of thousands of Romanians angered by the cancellation of a presidential election marched through Bucharest on Sunday to demand that the ballot should go ahead and that outgoing centrist President Klaus Iohannis should resign.

    In a move that polarised voters, Romania's top court voided the presidential election on Dec. 6, two days before the second round.

    The cancellation came after state documents showed frontrunner Calin Georgescu, a critic of NATO, had benefited from an unfair social media campaign likely to have been orchestrated by Russia, accusations Moscow has denied.

    The court ordered that the election be re-run in its entirety. The pro-European coalition government has yet to approve a calendar for the election, although party leaders agreed to hold the two rounds on May 4 and May 18.

    Iohannis, whose term expired on Dec. 21, will stay on until his successor is elected.

    On Sunday, tens of thousands of protesters, including left-wingers and those angered by the way the way the election was cancelled, joined the protest organised by the opposition hard-right Alliance for Uniting Romanians (AUR), Romania's second-largest party.

    "We ask for a return to democracy by resuming the election with the second round," AUR leader George Simion told reporters.

    Organizers said 100,000 people were at the protest, but riot police along the march estimated the numbers at around 20,000. Protesters waved flags and shouted "Freedom" and "Bring back the second round."

    "Our right to vote was broken," said Bogdan Danila, a 43-year-old truck driver. "In addition, Iohannis was in power for ten years and did nothing for the people, while parties betrayed us, they are all corrupt. We want something else."

    Some protesters carried portraits of Georgescu or Christian Orthodox icons while street vendors sold flags and vuvuzelas.

    "Authorities must say why they cancelled the election, we want to see the evidence," said Cornelia, 57, an economist wrapped in a Romanian flag who declined to give her last name.

    "At this rate we won't be voting anymore, they will impose a leader like in the old days."

    It remains unclear whether Georgescu, who opposes Romanian support for Ukraine against Russia’s invasion, will be allowed to run for president again.

    (Reporting by Luiza Ilie; editing by Giles Elgood)

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