Romania and the euro
Bulgaria will Try to Introduce the Euro on January 1, 2025
The government adopted an update of the National Plan for the introduction of the euro in Bulgaria.
The changes in the Plan were developed and approved by the Coordination Council for the preparation of Bulgaria for membership in the Eurozone, which is co-chaired by the Minister of Finance and the Governor of the Bulgarian National Bank.
MIPE: Agreement between the Government of Romania, European Investment Bank to support implementation of 2021-2027 projects
Bucharest, Aug 25 /Agerpres/ - The Memorandum of Understanding proposed by the Ministry of Investment and European Projects (MIPE) for the collaboration between the Government of Romania and the European Investment Bank (EIB) to support European-funded projects 2021-2027 was approved on Wednesday, in the Government's meeting, according to a release sent to AGERPRES.
Flash Eurobarometer survey finds 75 pct of Romanians favor switch to euro
Romania has the highest percentage of respondents with a positive opinion about the introduction of the European single currency - 75 percent, found the latest Flash Eurobarometer survey released on Friday, which shows that the switch to the euro enjoys broad support in EU member states that have not yet adopted it.
Current account deficit rises to 2.549 billion euro in Q1, 2021
The current account of payment balance registered during Q1 of 2020 a deficit of 2.549 billion Euro, against 990 million Euro during the period of January - March 2020, according to the data published on Friday by the National Bank of Romania (BNR).
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.
Central bank governor Isarescu: National Bank has balanced approach to euro adoption
The National Bank of Romania (BNR) has a balanced approach to the adoption of the euro, BNR governor Mugur Isarescu said on Tuesday, mentioning that this requires a high real convergence, as well as keeping the pace after Romania joins the eurozone.
Twenty years on, what is euro's future?
The euro turned 20 years old on January 1, 2019. On January 1, 1999, after years of preparations, 11 member-states of the European Union agreed to use the same currency in all monetary transactions among themselves, an initiative that marked the official launch of the euro. The euro's introduction in physical form, as coins and banknotes, however, took place on January 1, 2002.
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The Earliest Date for Bulgaria's Entry into the Euro Zone is 2022
Bulgaria could join the Eurozone in early 2022, said European Commission Vice President for Eurozone and Social Dialogue and Financial Stability, Financial Services and Capital Markets Valdis Dombrovskis told a reporter at the Bulgarian National Radio, quoted by Dnevnik.
ECB: Bulgaria Does Not Fully Comply with Euro Convergence Criteria
In its latest Convergence Report released on Tuesday, the European Central Bank (ECB) concluded that Bulgaria does not fully comply with the euro convergence criteria.
Apart from Bulgaria, the report examine the six other member states which do not participate in the exchange rate mechanism (ERM II), namely the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden.
Greek Crisis Delays Romania's Eurozone Plans
Romania's membership of the single currency area will not be possible in 2019, as planned, and further delay must be taken into consideration as the euro project's solidity is tested by the Greek crisis, Romanian analysts say.
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