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Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
According to Eurostat, Romania's GDP per capita (PPS) was 77% of the EU average (100%) in 2022, an increase from 44% in 2007 (the year of Romania's accession to the EU), making Romania one of the fastest growing economies in the EU. [185] The Bucharest Stock Exchange (BVB) is the stock exchange of Romania, located in Bucharest.
Romania imported in 2006 food products of 2.4 billion euros, up almost 20% versus 2005, when the imports were worth slightly more than 2 billion euros. The EU is Romania's main partner in the trade with agri-food products. The exports to this destination represent 64%, and the imports from the EU countries represent 54%.
The EU is Romania's main trade partner in agri-food products. Romanian EU exports represent 64%, and imports from EU countries represent 54%. Other important partners are the CEFTA countries, Turkey, Republic of Moldova and the USA. [1] Romania is an important exporter of military equipment, accounting for 3-4% of the world total in 2007.
The following list provides information relating to the minimum wages (gross) of countries in Europe. [1] [2]The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [3] Belgium (38 hours), [4] United Kingdom (38 hours), [3] Germany (38 hours), [5] Ireland (39 hours) [5] and Monaco (39 hours). [6]
Romania's national currency is the leu / RON.After Romania joined the European Union (EU) in 2007, the country became required to replace the leu with the euro once it meets all four euro convergence criteria, as stated in article 140 of the Treaty on the Functioning of the European Union. [1]
Romania left the gold standard in 1914 and the leu's value fell. The exchange rate was pegged at 167.20 lei to US$ 1 on 7 February 1929, US$1 = 135.95 lei on 5 November 1936, US$1 = 204.29 lei on 18 May 1940, and US$1 = 187.48 lei on 31 March 1941.
The Napkin PC is a concept for a next-generation computer entered into the 2009 Next-Gen PC Design Competition by Avery Holleman. The concept won first prize, the Chairman's Award. [1] The award was personally presented to Holleman by Microsoft founder Bill Gates. Holleman received $20,000 in prize money for the accolade.