Podcast in English
Text size
Bulgarian National Radio © 2024 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

Rumen Radev at the business forum in Singapore

Rumen Radev in Singapore: Investing in people and partnership are the key to the future

“Investing in people, education, innovations and technologies is the key to success in the future,” said President Rumen Radev at the opening of the business forum in Singapore, in which representatives of companies from Bulgaria and Singapore are..

published on 11/22/24 10:17 AM
European Commissioner for Home Affairs Ylva Johansson

European Commissioner Ylva Johansson is optimistic about Bulgaria and Romania’s entering the Schengen Area by land soon

“It’s time to lift internal border controls now,” European Commissioner for Home Affairs Ylva Johansson believes. In an interview with RFE/RL she said she was optimistic about Austria’s decision. Asked what the arguments are for blocking the..

published on 11/22/24 9:45 AM
Constitutional Court building

Constitutional Court opens case following President Radev’s request for the constitutional changes to be annulled

The Constitutional Court has opened a case following the request by President Rumen Radev for the amendments to the Constitution, endorsed by the 49 th National Assembly, to be declared unconstitutional. These amendments concern the lifting of the..

published on 11/22/24 9:13 AM