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

Deputy PM Pekanov: The introduction of the euro will reduce interest rates on loans

Atanas Pekanov
Photo: BGNES

With the adoption of the euro, Bulgaria will raise its credit rating and this will lead to a decrease in interest rates on loans, Acting Deputy Prime Minister for the Management of European Funds Atanas Pekanov told Nova TV, stressing that we are entering a cycle in which interest rates will rise. 

He added that if we achieve the national goal of adopting the European currency in 2024, we will be able to use all European instruments during crises, and Bulgaria's banking system will be more stable. 

In order for there to be no speculative activities in the commercial establishments, the regulatory authorities will have to be activated even before we enter the Eurozone, the Deputy Prime Minister also said. 

According to him, the date for the adoption of the euro remains realistic, but we have not yet met several criteria and inflation remains too high.



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

Every third Bulgarian is ready to defend democracy, every fifth the homeland: survey

Democracy is consistently perceived by a solid majority in Bulgarian society as the best form of governance. Approximately 1.5 million citizens declare their willingness to risk their personal security to protect it, according to a representative study..

published on 11/6/25 11:53 AM

Bulgaria's second-largest trade union "Podkrepa" opposes draft Budget 2026

The Confederation of Labor "Podkrepa" does not support the government's proposed state budget for 2026 , the union announced.  As reasons, the second most important trade union in the country points out "the lack of policies and reforms to address..

published on 11/6/25 10:35 AM

Mysterious Russian ship sails near Black Sea coast

The phantom ship VIVA 962 has changed at least 10 names and many owners before it surprisingly appeared near Cape Emine on November 1. The crew consists of a captain and a mechanic with Ukrainian passports from Kharkov, reports the "24 Chasa" portal...

published on 11/6/25 10:12 AM