All posts by Gabriela Dragan

Gabriela Dragan

About Gabriela Dragan

Gabriela Dragan is General Director of the European Institute of Romania (EIR) and Director of the Romanian Journal of European Affairs (RJEA). She is also professor in the Department of International Business and Economics, Economic University of Bucharest and Associate Professor at the National School of Political Science and Public Administration and at the Romanian-American University.

Is Romania Still Likely To Adopt the Euro In January 2019?

The year 2015 may be considered a very favourable one for the Romanian economy. According to the 2015 Spring European Commission’s forecast, the macroeconomic indicators should remain stable or improve (economic growth at 2.8 per cent, public deficit 1.25 per cent of GDP, public debt at around 40 per cent of GDP). Moreover, in April, the National Bank’s Governor Mugur Isărescu announced that Romania fulfilled all the Maastricht nominal convergence criteria and ten of eleven criteria of the Macroeconomic Imbalance Procedure, recalling the commitment made by the Romanian Government to join the euro area on January 1, 2019. Continue reading Is Romania Still Likely To Adopt the Euro In January 2019?