Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Fabio Panetta: Bulgaria and Croatia need to improve their institutions and economies

Photo: Reuters

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.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Presidential Administration will not use cars of the National Service for Protection

The cars of the National Service for Protection will no longer be at the disposal of the administration of the presidential institution, the MPs have decided, BNR reporter Daniel Inkov informed. This does not apply to the cars used..

published on 10/3/25 4:21 PM

Bulgaria and North Macedonia sign agreement on cross-border railway tunnel

The Council of Ministers approved amendments to the Agreement between Bulgaria and North Macedonia on the preparation, construction and operation of a cross-border railway tunnel. “Following correspondence, notes were received from..

published on 10/3/25 3:40 PM

UPDATE Flood in Elenite resort claimed three victims

Bulgaria was hit by severe weather on Friday, with snow in the western parts and torrential rain in the East, the Bulgarian News agency BTA  reported.  Three men, including two rescuers died in a coastal resort after heavy rainfall..

published on 10/3/25 2:20 PM