World’s longest-serving governor given further term

Mugur Isărescu, in office since 1990, will serve again after overcoming political hostility

Mugur Isărescu
National Bank of Romania governor Mugur Isărescu
Photo: Lucian Tudose

Romania’s parliament has voted to give a further five-year term to Mugur Isărescu, who is already the longest-serving of any current central bank governor.

Isărescu won the support of Romania’s coalition government despite a bitter recent dispute with a powerful faction in its biggest party. The faction that opposed him, in the governing Social Democratic Party, was led by Liviu Dragnea, who was jailed on corruption charges in May.

The parliamentary vote today (July 3) also decided who will

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