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Romania's national currency is the leu / RON.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]
After Romania left the Eastern Bloc in 1989, US-Romanian relations have matured into a strategic partnership that encompasses a wide range of political, military, economic and cultural issues. The US supported Romania's entry into NATO, setting the stage for further integration into Europe. Today, Romania is a strong ally of the United States ...
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The EU is Romania's main trade partner in agri-food products. Romanian EU exports represent 64%, and imports from EU countries represent 54%. Other important partners are the CEFTA countries, Turkey, Republic of Moldova and the USA. [1] Romania is an important exporter of military equipment, accounting for 3-4% of the world total in 2007.
BRUSSELS (Reuters) -A proposal by NATO Secretary General Jens Stoltenberg for a 100 billion euro ($107 billion) five-year fund for Ukraine drew mixed responses from member states on Wednesday. The ...
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Romania is seeking to purchase a “battalion” of M1 Abrams main battle tanks from the United States. The reason why is complicated.
Romania, Bulgaria and Greece signed a deal on Thursday to enable swift cross-border movement of troops and weapons to NATO’s eastern flank, Romania's defence ministry said. Russia's 2022 ...