Bulgaria and Croatia still need to work to fix their economies and improve their institutions before joining the Eurozone, the member of the European Central Bank’s Executive Board Fabio Panetta said on Monday, Reuters reports. The reforms undertaken by both countries will not address all imbalances and vulnerabilities they face. More progress is needed to improve governance, their legal framework and the overall quality of the institutions, Fabio Panetta says further. The two countries recently joined the ERM-2, known as the Eurozone waiting room and will be able to adopt the Euro in 2023 at the earliest.
The social spending in the state budget for next year is expected to be increased by BGN 620 million , Caretaker Minister of Labour and Social Policy Ivaylo Ivanov told BNR. Thus, the total amount for them will amount to about BGN 3.6 billion (EUR 1.8..
More and more branch organizations in agriculture are announcing their readiness to protest because of unpaid funds under the so-called Ukrainian aid intended to compensate for economic losses due to the war in Ukraine . The members of the Chamber of..
The Central Election Commission is receiving many more complaints than in previous elections from representatives of a parliamentary party with two chairpersons, the spokeswoman of the institution Rositsa Mateva told BNR. The two wings of the formation..
In December this year the Ministry of Finance will have covered the last of the criteria for accession to the Eurozone – inflation, said caretaker..
On Saturday, the lowest temperatures will be between 14 and 19°C; in Sofia - about 16°C. In the western regions, the highest..
30 buildings across the country will be illuminated in green tonight to mark European Donation Day – the European Day for Organ, Tissue and Cell..
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