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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 10, 2025

    Featured image for article about Headlines

    BUCHAREST (Reuters) - Thousands of Romanians rallied outside the country's top court on Friday to protest against the December cancellation of the presidential election in which a little-known pro-Russian candidate won the first round.

    Although small, protests have been continuing since Dec. 6, when the Constitutional Court voided the election two days before the second round. Its move came after state documents showed frontrunner Calin Georgescu had benefitted from an unfair social media campaign likely orchestrated by Russia.

    Moscow denied any interference in Romania's election.

    The decision to cancel the presidential election further weakened public trust in state institutions, polarised voters angered by mainstream parties’ political infighting and graft allegations and strengthened hard right and ultranationalist parties, which now hold over a third of parliamentary seats.

    Georgescu's lawyer filed a request on Friday for the Constitutional Court to reinstate the election result. Georgescu, who was not present, urged his supporters to join in.

    Roughly 4,000 supporters gathered outside the court with a mock coffin emblazoned with the word "Democracy".

    They waved national flags, carried Christian icons and pictures of Georgescu, and chanted "We want to vote" and "Bring back the second round".

    Romania's ruling coalition agreed this week to rerun the two-round presidential election on May 4 and May 18, nearly six months after the cancelled vote.

    Outgoing President Klaus Iohannis, whose term expired on Dec. 21, will stay on as head of state until his successor is elected.

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

    Romania has the longest land border with Ukraine of any European Union and NATO member state. It has helped export millions of tons of Ukrainian grain through its Black Sea port of Constanta, trained Ukrainian fighter pilots and donated a Patriot air defence battery to Kyiv.

    (Reporting by Luiza Ilie and Octav Ganea; Editing by Gareth Jones)

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