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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]
The minimum wage in Romania is the lowest monthly or hourly remuneration that employers are legally allowed to pay their workers in Romania.The sum is decided by the Romanian government and is subject to periodic reviews and adjustments based on economic indicators, inflation rates, and other relevant factors.
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros.
The euro was up 0.35% on the day at $1.056625, but was set for a weekly loss of 1.4%. Markets are, however, more dovish on the ECB and see a decent 36% chance it could step up its easing in ...
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
Signs of cooling inflation paved the way for September’s first rate cut in four years, with economic data indicating a continued decline from a peak of 9.1% in June 2022 to rates that have ...
As of December 2023, 1,065.9 km (662.3 mi) [107] of motorways are in use with a small portion of Lugoj-Deva (between Margina and Holdea) to be finished while Sibiu-Pitești is still tendering. The railway network , which was significantly expanded during the Communist years, is the fourth largest in Europe.