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.

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.

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.

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