The National Bank of Romania published the second study under its Economic@BNR project, setting out fiscal sustainability and macroeconomic stability as prerequisites for continued convergence and eventual euro adoption. Governor Mugur Isărescu called for carefully calibrated, predictable economic policies to support investment, productivity, employment and sustainable growth. Deputy Governor Cosmin Marinescu said Romania needs firm fiscal consolidation alongside a shift from quantitative progress toward productivity, targeted investment and innovation. The study identifies the quality of public spending, education, health, defense, financial discipline and greater financial intermediation as central to sustainability. A debate accompanying the publication also emphasized structural reforms, fiscal predictability, more efficient use of European funds, stronger action against tax evasion and undeclared work, and investment in energy and cybersecurity. Interim Finance Minister Alexandru Nazare said Romania could exit the excessive deficit procedure in 2030 and subsequently prepare for euro area accession.
National Bank of Romania publishes study urging fiscal consolidation and productivity-led convergence
The National Bank of Romania published a study calling for firm fiscal consolidation, stronger macroeconomic balances and productivity-led convergence. It prioritizes higher-quality public spending, investment, innovation, financial discipline and greater financial intermediation. Interim Finance Minister Alexandru Nazare said Romania could exit the excessive deficit procedure in 2030 before preparing for euro area accession.