EURO ADOPTION
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Romania Could Adopt Euro in 2027-2028, PM Says
Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said in a televised interview Thursday evening.
Romania Postpones Euro Adoption Calendar on Heightened Macroeconomic Imbalances
Romania will postpone yet again setting a calendar for euro adoption as the country doesn't meet convergence criteria and faces heightened macroeconomic imbalances due to the pandemic, the f...
Andreas Treichl Says Romania Not Ready For Introduction Of Euro
Romania is not ready for the introduction of the euro and Bucharest authorities ought to consider this carefully, Andreas Treichl, CEO of Erste Group, which owns Romanian lender Banca Comerc...
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...
Romania Risks Failing Euro-Adoption Criteria, Says Central Bank Official
Romania risks missing certain targets next year that count for the country's euro-adoption ambitions, such as its budget deficit, inflation and interest rates, central bank chief economist V...
ING: Romania Might Enter Eurozone Around Mid-2020
Romania might enter the Eurozone around the mid-2020s, when GDP per capita (in terms of purchasing power standards) will be closer to the 70% of EU average – a figure also suggested by the c...
Romania's 2019 Euro Adoption Target Unfeasible, Says Central Bank
Romania's target to adopt the single European currency in 2019 is no longer feasible and the country needs a clear timeline, agreed nationwide, before setting a target, central bank governor...
Isarescu: Romania Needs Policy Adjustments Before Joining Euro-zone
Romania needs to complete major adjustments of its economic policies before entering the exchange rate mechanism, the anteroom of the euro-zone, said central bank governor, Mugur Isarescu.
Fiscal Council: 2019 Target Date For Joining Euro ‘Unrealistic’
Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru...