The Economist Intelligence Unit has one of the largest and most experienced country and industry analysis teams in the world. Our 100 full-time country experts and economists, based in offices around the world, have a thorough grounding in economics, politics, risk and industry. Most have lived and worked in the region they cover; many are fluent in local languages; and three out of four have advanced degrees. To ensure that this expertise remains fresh and up to date, each country analyst focuses on two or three countries, and visits them regularly.

Our experts are supported by a huge network of contributors based in virtually every country of the world. Currently numbering 650, our contributors report on recent economic and political events, comment on the business environment and legislative changes, and give their views on political, economic and social trends.

Latest Press Releases

  • France leads new food index, followed by Japan, with good performance for nutrition, food waste and agricultural sustainability. India and Ethiopia face severe nutritional challenges,…
    in Latest Press Releases
  • Informal networks vital source of support to 78% of start-ups. Over half of entrepreneurs belong to business-networking groups on global platforms such as Facebook and…
    in Latest Press Releases
  • According to a new survey, uncertainty about economic growth is by far the top concern of treasurers worldwide Low or even negative interest rates are…
    in Latest Press Releases

Twitter Feed

Infrastructure public-private partnership investment size relative to GDP increased slightly across the region but… https://t.co/lamXZWhoXS

As stated in our updated Out of the Shadows Index, industry engagement is needed to better protect children, especi… https://t.co/EgwULu2UF6

A proud moment for The EIU's analysts: we won 39 first place rankings in the @FocusEconomics #Analyst #Forecasthttps://t.co/QTkATgeb8M

RT @EconomistLake: Climate change is causing environmental upheaval that destabilises regions and raises the risk of bloodshed | The Econom…
FOLLOW The Economist Intelligence Unit ON_TWITTER
Thursday, 17 May 2012

The EIU view on Romania joining the Eurozone

In its Convergence Programme for 2011-14, the outgoing government confirmed its intention to adopt the euro in 2015 and to enter the exchange-rate mechanism (ERM2) at some time in 2013-14. As economies are required to spend a minimum of two years within ERM2 before adopting the euro, adopting the euro in January 2015 would require a commitment to enter ERM2 in January 2013. However, the official target date leaves open the possibility that euro-adoption could be delayed from until December 2015. The government formed after the November 2012 parliamentary elections, which will have a four-year mandate until elections in 2016, will no doubt review the 2015 target date in consultation with the National Bank of Romania (NBR, the central bank).


The EIU considers the 2015 target to be unrealistic and even a little strange given developments in the euro zone. Romania may face difficulties in meeting the European Central Bank (ECB) convergence criteria on inflation, fiscal deficits and long-term interest-rate in time to adopt the euro in 2015. Romania also needs to improve its competitiveness before joining European economic and monetary union (EMU). Given the uncertainties facing the euro area, it would be beneficial for the NBR to retain control of the exchange rate, giving it the flexibility to restore competitiveness in the face of asymmetric shocks. As a result of all these factors, the EIU expects that Romania will postpone adoption of the euro until 2016 or 2017 at the earliest


More on Romania at www.eiu.com

Last modified on Wednesday, 21 August 2013 16:25
An Economist Group business © 2011 The Economist Intelligence Unit Limited. All rights reserved.

About us | Privacy | Terms of access | Contact us | Help

Connect with us