section_path: History/Romania since 1989/Return to democracy
section_name: Return to democracy
paragraph_text: Return to democracy
  
  In May 1990, the first free elections in Romania since 1937 elections were held, with Iliescu of the National Salvation Front winning the presidency with 85% of the vote. In 1992, he was reelected in the first election after the adoption of a permanent constitution via a referendum held the previous year. Illiescu lost the 1996 election to Emil Constantinescu, but returned to power in 2000. Traian Băsescu was elected president in 2004 and 2009, serving until 2014 at which point Klaus Iohannis succeeded him, being re-elected in 2019 and serving until 2025. During these years several events occurred. In 2009, the country was bailed out by the International Monetary Fund as result of the Great Recession in Europe following the 2008 financial crisis.
  
  The post-1989 period has been characterised by the privatisation and closure of several former industrial and economic enterprises from the communist period were closed, while corruption has been a major issue in contemporary politics.
  
  A National Anticorruption Directorate was formed in the country in 2002. During the 2000s, Romania had one of the highest economic growth rates in Europe and has been referred at times as "the Tiger of Eastern Europe". This has been accompanied by a significant improvement in living standards as the country successfully reduced domestic poverty and established a functional democratic state. However, Romania's development suffered a major setback during the late 2000s' recession leading to a large gross domestic product contraction and a budget deficit in 2009. This led to Romania borrowing from the International Monetary Fund. Worsening economic conditions led to unrest and triggered a political crisis in 2012.
  
  Since 2014, Romania launched an anti-corruption effort that led to the prosecution of medium- and high-level political, judicial and administrative offenses by the National Anticorruption Directorate. In 2015, massive anti-corruption protests which developed in the wake of the Colectiv nightclub fire led to the resignation of prime minister Victor Ponta. During 2017–2019, in response to measures which were perceived to weaken the fight against corruption, some of the biggest post-1989 protests took place in Romania, with over 500,000 people protesting nationwide.
  
  The 2021 Romanian political crisis led to the outsting of Florin Cîțu 's incumbent government. The Ciucă Cabinet then took power, with Romania since having experienced a shift towards authoritarianism and illiberalism, as well as an increased corruption. Around this time, Romania was also hit by the COVID-19 pandemic. In the 2024 presidential election, Independent candidate Călin Georgescu achieved a surprise win in the first round. However, the Constitutional Court annulled the election results, citing Russian meddling. The cancellation led to far-right protests, criticism by the Trump administration, and Ilie Bolojan becoming acting president in February 2025 as Iohannis resigned to political pressure.