In light of its assessment on legal compatibility and on the fulfilment of the convergence criteria, and taking into account the additional factors relevant for economic integration and convergence, the European Commission considers that Romania does not fulfil the conditions for the adoption of the euro.

The conclusion is presented in the 2024 Convergence Report, which provides an assessment of the progress non-euro area member states – Bulgaria, the Czech Republic, Hungary, Poland, Romania and Sweden – have made towards adopting the euro.

The EC report points out, in particular, that legislation in Romania is not fully compatible with the compliance duty under Article 131 TFEU; it does not fulfil the criterion on price stability, the criterion on public finances, the exchange rate criterion and the criterion on the convergence of long-term interest rates.

AGERPRES