Bulgaria can join the ERM II exchange rate mechanism in the first or second quarter of 2020. This was stated by the head of the European Banking Restructuring Council, Elke König. The leading institution in the process is the European Central Bank, with its response expected in mid-summer or early fall, BNR reports.
European finance ministers have agreed on the details of a relatively small investment and reform budget within the euro area, which will start operating in 2021.
The euro zone budget, known as the Budgetary Instrument for Convergence and Competitiveness (BICC), is expected to be finalized next year and start operating in 2021, Eurogroup President Mario Centeno said on Thursday.
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
The net foreign direct investment flow in 2018 recorded the value of 5.266 billion euro, of which 5.546 billion euro were participations to own capital, the National Bank of Romania (BNR) informs in a release sent on Monday to AGERPRES.
Romania exported, in the first six months of 2019, live animals totaling 205.9 million euro, 10.1 pct more than in the similar period of last year, according to data centralized by the National Institute of Statistics. On the other hand, imports of live animals clocked in at 100.6 million euro (+6.8 pct), resulting in a surplus of 105.3 million euro.