The European Commission welcomes Bulgaria's continued ambition to join the euro area when all criteria for this are met, the institution told BNR following the news that Bulgaria will miss its January 1, 2024 target date for joining the euro zone.
"Accession to the euro area is governed by transparent rules and criteria that ensure fair treatment of applicant countries and successful membership. Regardless of the specific date of accession, the Commission will continue to work with Bulgaria to enable its successful membership of the single currency area," Brussels said.
"The eurozone is by no means a mirage and will not remain a mirage," Deputy Finance Minister Metodi Metodiev told Nova TV, stressing that Bulgaria must curb inflation and implement promised reforms.
Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country..
The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
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