Romania and the euro

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.