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Stories related to finance and economics.

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Analysis
Opinion: Growing dissatisfaction with status quo has propelled the rise of Călin Georgescu in Romania

Opinion: Growing dissatisfaction with status quo has propelled the rise of Călin Georgescu in Romania

The first round of presidential elections in Romania that took place on the 24th of November had a shocking result: an independent ultranationalist candidate – Calin Georgescu – with a campaign solely on TikTok and YouTube won the majority of votes. The independent candidate had no party backing him and none of the pre-election polls picked up on his popularity, raising questions of potential electoral manipulation via social media.
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News
European Union cancels 121 million euros in funding for Georgia

European Union cancels 121 million euros in funding for Georgia

The European Union has decided to cancel €121 million in funds intended to support Georgia's economic development and its aspirations for EU membership. The decision was confirmed by the EU delegation in Georgia, which said that the growing repression of dissent was the reason for the withdrawal of financial assistance.

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