Romania committed to enter the Euro zone starting 2015

Romania keeps its target to adopt the euro in January 2015, announced the government on its Internet web page. According to the same source, Romanian central authorities still consider that this year the local economy will register a 1.3 percent growth and a predicted expansion of 3.7 percent for 2012.

“The commitment to adopt the euro from 2015 is maintained and aims to strengthen short- and medium- term financial market confidence and the stability of public finances by promoting a mix of coherent measures which will lead to a narrowing of budget deficits,” announced government officials.

Romania, which turned last year to the International Monetary Fund and the European Commission for a EUR 20 billion external finance, plans to cut the deficit to 5.9 percent of the GDP this year from 7.3 percent in 2009.