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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.
Romania's national currency is the leu.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]
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 leu notes issued on 1 July 2005 are of equal size to euro banknotes, so that machines will need less refitting once Romania joins the euro zone. This decision was taken after a lot of debate, and with some opposition, the initial decision being to make them even smaller, similar to the 1966 series.
Romania is a popular tourist destination, with more than 15.7 million domestic and foreign tourists in 2018. Romania's tourism took a great hit during the 2020 COVID-19 pandemic, with a drop of as much as 68.7% of foreign visitors in 2020, but it's beginning to recover in 2022. [79]
The euro is represented in Unicode as U+20AC € EURO SIGN. In modern computer systems and mobile phones, this is the only codepoint used. When first introduced, however, work to retrofit the symbol into crowded pre-existing character set standards and vendor-specific schemas presented challenges that were not fully resolved until widespread ...
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 ...
In 2014, Romania's Convergence Report set a target date of 1 January 2019 for euro adoption. In April 2014, Romania had met four out of the seven criteria for accession to the Eurozone. [ 9 ] In recent years, however, Romania had made step backs regarding the adopting of the euro; the 2020 Convergence Report concluded that Romania does not meet ...