Romania’s Euro Path: Caretaker Investments Minister Dragos Pislaru floated euro adoption as feasible by 2032, but only after fiscal consolidation and political stability—pushing back against the central bank’s view that Romania still doesn’t meet criteria. Constitutional Court Shake-up: Romania’s Constitutional Court upheld a controversial integrity-law amendment on retroactive sanctions for local officials, while striking down another part tied to income and interests for lifetime partners, sending it back to Parliament. Moldova Under Pressure: President Maia Sandu warned Russia could use Moldova as a launchpad to strike Ukraine and reach the EU, while also saying some drone incursions are deliberate; she argued expelling Russia’s ambassador won’t stop the pattern. Drone Incursions in the Region: Romania reported a Spanish F-18 downing a drone that breached Romanian airspace near Galați, with NATO officials saying it appears Russian. Black Sea Security & War Spillover: Ukraine said Russian strikes hit the Danube-linked Izmail port area near Romania, while Ukraine’s missile attack killed six in Russia’s Belgorod region. Danube Drought, Nuclear Risk: Hungary said emergency works to raise Danube levels at Paks are nearing a critical window, with two barges used to keep cooling water flowing. Energy & Prices: A Europe-wide look at gasoline and diesel prices shows sharp year-on-year increases, with the Iran-linked shock still echoing at the pump. Local Economy Watch: Romania’s caretaker government is pushing ahead with PNRR payments and euro-related planning as the political crisis drags on.