George Banciulea

ECB: The biggest issue on Romania's real economic convergence is the low per-capita income on average

The low per-capita income on average represents the biggest issue regarding Romania's real convergence in view of joining the Eurozone (EZ), however, it's not a a formal criterion for euro accession, experts with the European Central Bank (ECB) believe.

Share of green cars in total nationwide sales reaches 3.7pct (APIA)

Bucharest, Oct 20 /Agerpres/ - The share of green cars in the total sales registered at national level, in the first nine months of the year, stood at 3.7pct, higher than the one recorded in the same period of 2018, while, by volume, sales of green cars reached 4,734 units, compared to 2,927, in 2018, according to the data of the Association of Automobile Makers and Importers (APIA), consulted

BNR governor Isarescu: Romania seriously affected by asymmetric shocks if it switched to euro now

If Romania were to switch to the euro now, it would be seriously affected by asymmetric shocks, and this is why it chose the middle path in its efforts to adopt the European single currency, considering that a real convergence of 70 - 75 percent - compared to the current 61 percent - is critical for this step, governor of the National Bank of Romania (BNR) Mugur Isarescu on Friday told the Buch

Central bank's Isarescu: We should let exchange rate, market function

The national currency has not depreciated in recent months and it is worse than an exaggeration to say that the (national currency) leu is on the bottom of the precipice, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a Thursday's press conference, mentioning that the forint and zloty depreciated more than the leu compared to the euro.

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