Romania to decide on new euro adoption deadline.

By bne IntelliNews March 21, 2013
Romania has set up a committee that should draft within several months a new schedule for the country's adoption of the single European currency, state secretary at the finance ministry Claudiu Doltu announced as quoted by news agency Agerpres. Currently, Romania's accession target is January 2014 - but this deadline became unrealistic by default. PM Victor Ponta has mentioned recently the year 2020 as a more credible target. President Traian Basescu, however, insisted on a quick accession. Nonetheless, the schedule might not include a firm accession date, Doltu stressed. It is, nonetheless, the first time that the country sets up a formal committee including government, central bank, business and civil society representatives to decide on this issue.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more