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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]
12 March – President Klaus Iohannis announces that he will run for Secretary-General of the North Atlantic Treaty Organization. [1]31 March – Bulgaria and Romania partially join the Schengen Area, allowing travel by air and sea without border checks, Austria vetoed travel by land without border checks over fears that non-EU citizens could get easier access to the European Union.
The following list provides information relating to the (gross) minimum wages (before tax & social charges) of in the European Union member states. The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [1] Belgium (38 hours), [2] Ireland (39 hours), [1] and Germany (39.1 hours).
9 Romania recovered faster than expected, and thus did not receive the remaining €1.0bn bailout support originally scheduled for 2011. [ 242 ] [ 243 ] 10 Romania had a precautionary credit line with €5.0bn available to draw money from if needed, during the period March 2011-June 2013; but entirely avoided to draw on it.
The following list provides information relating to the minimum wages (gross) of countries in Europe. [1] [2]The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [3] Belgium (38 hours), [4] United Kingdom (38 hours), [3] Germany (38 hours), [5] Ireland (39 hours) [5] and Monaco (39 hours). [6]
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.
On 1 July 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON). 1 RON is equal to 10,000 ROL. Romania joined the European Union on 1 January 2007 and initially hoped to adopt the euro in 2014, [80] but with the deepening of the Euro crisis and with its own problems, such as a low workforce ...
The leu (Romanian pronunciation:, plural lei; sign: L; ISO 4217 code: MDL) is the currency of Moldova. Like the Romanian leu , the Moldovan leu is subdivided into 100 bani ( sg. ban). The name of the currency originates from a Romanian word which means "lion".