Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Inflation hinders Bulgaria's entry into the Eurozone

Photo: EPA/BGNES-archive

Bulgaria will not be able to join the Eurozone at the beginning of 2024, because it has not adopted three crucial bills and does not meet the inflation criterion. According to experts, the country may adopt the single currency in mid-2024 at the earliest. 

According to Valdis Dombrovskis, Executive Vice-President of the European Commission for An Economy that Works for People, January 1, 2025 is a possible date for Bulgaria’s Eurozone entry. For the purpose, Bulgaria has to meet the Maastricht criteria with inflation being the main problem. Valdis Dombrovskis is paying a two-day visit to Bulgaria to discuss issues related to Bulgaria's Eurozone membership, the country's Recovery and Resilience Plan, as well as other topics on the European agenda.




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

Bulgaria to grant WHO EUR 100,000 in aid for the civilian population in Gaza

The Council of Ministers has approved the draft of a donation agreement between the World Health Organization and Bulgaria on the provision of a voluntary contribution, amounting to EUR 100,000, in support of the activities of the organization in the..

published on 11/21/24 9:20 AM
Ivan Kondov (L) and Igli Hasani

Foreign ministers of Bulgaria and Albania reaffirm support for accelerated construction of Corridor 8

Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the accelerated construction of transport Corridor 8. Romania has asked to join the construction..

published on 11/21/24 9:04 AM

Gale-force winds inflict damage in Vratsa and the environs

Winds of up to 120 kms. per hour inflicted damage in Vratsa, the biggest town in Bulgaria’s Northwest. Dozens of reports have come in of fallen trees and branches onto vehicles and roads, damaged equipment and torn overhead cables. There were..

published on 11/21/24 8:43 AM