06.26.2024

The European Commission published the 2024 Convergence Report on Wednesday in which it provides its assessment of the progress non-euro area member states have made towards adopting the euro. more

02.19.2021

Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said in a televised interview Thursday evening. more

01.13.2021

Romania will postpone yet again setting a calendar for euro adoption as the country doesn't meet convergence criteria and faces heightened macroeconomic imbalances due to the pandemic, the finance more

06.10.2020

Romania meets none of the convergence criteria – price stability, sound public finances, exchange rate stability and convergence in long-term interest rates – required for euro adoption, the more

12.23.2019

Romania's Government on Monday took responsibility before parliament to fast-track the adoption of the 2020 state budget bill. more

07.31.2019

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11.27.2018

The euro area is not a cozy place for economies with lagging competitiveness or rigid markets and euro adoption involves a permanent commitment, Romanian central bank governor Mugur Isarescu said in a more

11.13.2017

Romania risks missing certain targets next year that count for the country's euro-adoption ambitions, such as its budget deficit, inflation and interest rates, central bank chief economist Valentin more

08.30.2017

The Romanian government adopted on Wednesday, through an ordinance, the introduction of separate VAT payment accounts for companies in a bid to reduce tax evasion in the field. more

04.28.2016

Romania might enter the Eurozone around the mid-2020s, when GDP per capita (in terms of purchasing power standards) will be closer to the 70% of EU average – a figure also suggested by the central more

02.29.2016

The Romanian Senate unanimously approved on Monday the law on debt discharge, with 119 pros and no con, but the Chamber of Deputies has the final say on the matter. more

09.30.2015

Romania's target to adopt the single European currency in 2019 is no longer feasible and the country needs a clear timeline, agreed nationwide, before setting a target, central bank governor Mugur more

09.17.2015

Romania needs to draw up a policy calendar, integrate it into a roadmap and come up with a realistic term for euro adoption, central bank deputy governor Bogdan Olteanu said Wednesday, adding the 2019 more

07.10.2015

The European Commission on Friday adopted the 2014 2020 Large Infrastructure Operational Program (LIOP) for Romania, an investment package worth nearly EUR9.5 billion from the EU Regional Funds. more

04.29.2015

Romania needs to complete major adjustments of its economic policies before entering the exchange rate mechanism, the anteroom of the euro-zone, said central bank governor, Mugur Isarescu. more

06.19.2014

Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru said more

05.12.2014

Romania’s euro adoption planned for January 1, 2019 will be good for the small- and medium-sized enterprises (SMEs) because there will be no more exchange rate risk, financing costs will go down and more

05.01.2014

Romania set out to adopt the euro in 2019, when it will assume the EU presidency for the first time, Prime Minister Victor Ponta said on Wednesday. more

02.20.2014

The rest of Romania not so much, the central bank chief says more

02.14.2014

Romania’s government expects the country will meet this year all the Maastricht criteria to converge to the euro area and set the year 2019 as a self-imposed deadline for the euro adoption. more

11.27.2012

Prime Minister Victor Ponta said Tuesday that Romania keeps the euro adoption as its main objective, but, he added, it will join the eurozone when it is fully ready, to steer clear of the difficulties more

11.06.2012

Romania might need 20 to 30 years to converge in real terms to the euro area, even if the nominal process lasts considerably less, an official of Raiffeisen Bank Romania said Tuesday. more

04.06.2012

Romanians who live abroad and want to adopt children from Romania will be able to open adoption procedures starting April 7, when the new law regulating international adoptions takes effect. more

03.27.2012

Romania's Chamber of Deputies has tacitly adopted a bill whereby mayors and county council presidents must resign from the parties that got them elected, immediately after taking office. more

02.20.2012

Romanian President Traian Basescu has asked the Chamber of Deputies to speed up the adoption of the legislative proposition amending the Criminal Code. more