CONVERGENCE
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EC: Romania Fulfills None of the Criteria for Euro Adoption
Romania meets none of the convergence criteria – price stability, sound public finances, exchange rate stability and convergence in long-term interest rates – required for euro adoption, the European Commission showed Wednesday in its 2020 Convergence Report.
Isarescu: Euro Area Not Cozy for Economies with Lagging Competitiveness
The euro area is not a cozy place for economies with lagging competitiveness or rigid markets and euro adoption involves a permanent commitment, Romanian central bank governor Mugur Isarescu...
Central Bank Governor Warns Populist Measures Threaten Real Convergence
Increasing labor productivity is essential to advance real convergence and Romania should resist slipping into populist measures for election purposes, central bank governor Mugur Isarescu s...
Orange Aims For 20% Of Fixed Communications Market In Five Years
Orange, the local mobile telephony market leader, plans to become active on the market of fixed-mobile service packages and be a key player on it in five years, as consumer appetite for such...
Government Sets January 1, 2019 As New Euro Adoption Target
Romania set out to adopt the euro in 2019, when it will assume the EU presidency for the first time, Prime Minister Victor Ponta said on Wednesday.
Joining Euro Zone – A Moving Target For Romania
Romania will most likely adopt the euro in 2021, with the timeframe for joining the euro zone moving further into the future as living standards and work productivity gaps need to be bridged...
Romanian President Pleads For New IMF Agreement To Speed Up Convergence Program
Romanian President Traian Basescu said the completion of Romania’s current agreement with the International Monetary Fund, EU, and World Bank is crucial for the country’s credibility and a n...
Raiffeisen Bank: Real Convergence To Eurozone May Take Up To 30 Years
Romania might need 20 to 30 years to converge in real terms to the euro area, even if the nominal process lasts considerably less, an official of Raiffeisen Bank Romania said Tuesday.
Romania Keeps 2015 As Target For Euro Zone Accession
Romania maintains its objective of joining the euro zone in 2015, by entering the ERM II in 2013-2014 and reducing the structural deficit to less than 0.7% of the GDP by 2014, according to t...