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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] As of 2025, the only currency on the market is the leu and the euro is not yet used.
A model of his airplane-automobile Vuia 1 is on display at the airport. Timișoara Airport has had several names over time. At its beginnings it was called Timișoara Communal Airport. [3] During the communist period, it was called Giarmata Airport, after the name of the village with which it borders. It received its current name on 6 February ...
A 500 lei coin and the 2,000 lei note shown above were made in order to celebrate the 1999 total solar eclipse. Whereas the 500 lei coin is currently very rare, becoming a prized collector's item, the 2,000 lei note was quite popular, being taken out of circulation in 2004 (a long time after the 1,000 and 5,000 lei bills were replaced by coins).
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, [ 79 ] but with the deepening of the Euro crisis and with its own problems, such as a low workforce ...
The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by ...
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.
The Bucharest Metro (Romanian: Metroul din București) is an underground rapid transit system that serves Bucharest, the capital of Romania.It first opened for service on 16 November 1979. [5]
1 October 2012 The Royal Bank of Scotland: Sold retail and corporate portfolio to Unicredit Bank and closed. August 2015 Millenium Bank: 1 November 2015 Merged with OTP Bank: 31 October 2015 Volksbank Group (Romanian subsidiary) 1 January 2016 Merged with Banca Transilvania: 31 December 2015 Banca Comercială Carpatica: 2 May 2017 Merged with ...