Romania has made joining the Euro by 2015 a primary objective, with the first step being to enter the ERM II mechanism during 2013-2014 period.
By 2014, the country would have to reduce its structural deficit to below 0.7 percent of GDP. These are the conclusions of the Convergence Program which was adopted by the government.
For 2013-2015, the convergence program proposes GDP growth of 3.1% to 3.9%, though this will require investment contributions from European Union funds. Government spokesman Dan Suciu said that, for this year, domestic demand will be the main engine of economic growth. Inflation this year is expected to reach 3.5 percent.
