Romania’s finance chief said a new government will need to move quickly to fix state finances even after the election of Bucharest Mayor Nicusor Dan as president helped soothe market turmoil that’s engulfed the Black Sea nation.

The first exit poll shared by Avangarde for TVR1 indicates a lead for liberal Bucharest mayor Nicusor Dan with 54.9%. Nationalist leader of far-right party AUR George Simion is on 45.10%. Turnout was high - around 65%.

Nicușor Dan swept to victory in Romania's presidential election on Sunday, defeating far-right nationalist rival George Simion with nearly 54 percent of the vote. Dan, 55 the centrist mayor of Bucharest and former mathematician who campaigned for an "honest" Romania, was victorious over Simion, 38, in a tense rerun of the contest.

A pro-European centrist has won Romania’s presidential election in a race seen as a key test of the country’s democratic direction

Pro-West independent candidate Nicusor Dan staged a dramatic comeback on Sunday to win the Romanian presidential elections with a firm 54% of the votes. His contender, hard-right candidate George Simion,

France has faced a barrage of accusations of meddling in Romania's elections, even forcing its foreign intelligence service to publicly respond to claims published by the founder of the Telegram messaging app.