Romania’s economy will increase between 2015 and 2017 by over 3% annually and will reach a 4% yearly growth rate in 2018, according to the Convergence Programme. The Government revises it annually and sends it to the European Union.

The main engine for growth are domestic consumption and investments, reports local Ziarul Financiar.  In the fiscal relaxation scenario, the economic growth will exceed 4% starting 2016 and will reach 4.8% in 2018.

The Government remains committed to adopting the euro on January 1, 2019, according to the Convergence Programme.

It wants to ask the European Union to activate the structural reform clause. This implies a temporary deviation of the budget deficit by 0.5 percentage points of GDP.

editor@romania-insider.com