2029 is a viable target to access the euro zone, but the most important is real convergence about which very few people speak, said on Thursday the minister of finances, Adrian Caciu. ‘From my point of view, 2029 is a viable target (to access the euro zone). Beyond the nominal criteria for convergence which clearly we can cover on a medium term, the criterion of debt – we are happy by comparison to other European states which cannot cover it anymore’ Caciu said.At half December 2021, Florin Georgescu, prime-vice governor of the National Bank of Romania (BNR) stated, when launching ‘Capitalism and capitalists without capital in Romania’ that all the targets to access the euro zone were missed, the next deadline being 2029.According to the Report of convergence for 2020 published by the European Commission (EC), access to the euros one is an open process, which relies on certain norms. Among the criteria for convergence there is stability of prices, solidity of the public finances, and stability of foreign exchange and convergence of the interest rates on a long term. There is also under analysis, the compatibility of the national legislation with the norms of the economic and monetary union.The conclusions of the report show that Sweden and Croatia meet the criterion referring to stability of prices, Bulgaria, the Czech Republic, Croatia, Hungary, Poland and Sweden meet the criterion referring to public finances, Bulgaria, the Czech Republic, Croatia, Hungary, Poland and Sweden meet the criterion of the interest rates on a long term.No one of the member states mentioned does meet the criterion regarding the stability of the foreign exchange, as none of them is a member of the exchange rate (ERM II). Thus, Croatia and Sweden meet all the criteria for economic convergence, but for the criterion regarding the exchange rate due to the reason mentioned above.In the case of Romania, the document shows the fact that our country does not meet any of the four economic criteria necessary to adopt the euro, namely : stability of prices, solidity of the public finances, stability of the exchange rate and the convergence of the interest rates on long term.The reports for convergence must be made once every two years, irrespective of the possible stage of accession to the euro zone.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
