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Real convergence of economies in macroeconomic terms is accompanied by convergence of nominal variables.The paper provides an analysis of the relationship of the GDP per capita development as an indicator of the realconvergence and the development of the comparable price level as a representative of the nominal convergence inrelation to the EU average value in the EU economies. Using the concept of convergence, the development ofvariability of real and nominal convergence indicators among the EU and euro area economies is also evaluated.The Maastricht criteria are an alternative concept of the nominal convergence and their fulfilment interacts withthe convergence in previous conceptions. The aim of the paper is to detect relationships between the real andnominal convergence via given indicators within the EU economies, with impacts on the euro area participationregarding the obligations to comply with the Maastricht criteria. In this sense the impacts on the new MemberStates are taken into account. It is clear that countries of the EU with lower levels of GDP per capita also achievelower price levels and that simultaneous real and nominal convergence is likely to occur in these countries. TheMaastricht criteria may lead to negative effects on the catching up economies joining the euro area, which experiencesimultaneous real and nominal convergence in the above mentioned conceptions

The relations of real and nominal convergence in the EU with impacts on the euro area participation