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

Dimitar Radev: The political crisis has delayed Bulgaria's entry into the Eurozone

Dimitar Radev, BNR governor
Photo: BGNES

The political crisis is at the root of the delay in Bulgaria's accession to the Eurozone. This was stated by the governor of the Bulgarian National Bank, Dimitar Radev, in his first public appearance, after it became clear that the target date - January 1, 2024, cannot be achieved, and entry into the currency union will be delayed by at least a year due to high inflation and the non-acceptance of several laws. 
With the formation of the 49th National Assembly, the caretaker cabinet will once again introduce the necessary bills in order to move Bulgaria forward on the path of the euro, stated the caretaker Minister of Finance Rositza Velkova-Zheleva.

"We hope that Bulgaria will become the 21st country to join the euro area, cementing its membership of the European family and securing its place at the core of the European process," said Valdis Dombrovskis, EC Executive Vice President, today at the "Bulgaria towards the euro" conference taking place in Sofia. 
The adoption of the euro helps promote foreign and domestic investment, leading to higher economic growth and more jobs, Dombrovskis said.



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's Foreign Minister Georg Georgiev visits the Sultanate of Oman

In the context of the efforts to release the Bulgarian citizens detained on board the Galaxy Leader ship, the Minister of Foreign Affairs of the Republic of Bulgaria, Mr. Georg Georgiev, paid a working visit to the Sultanate of Oman, where he met with..

published on 1/24/25 7:03 PM

Spring-like temperatures at the end of the week

On Saturday , the lowest temperatures will be between 0 and 5°C; in Sofia it will be around 0°C. During the day, it will be mostly sunny. In the morning hours cloudiness will still be significant in the eastern regions, but in the..

published on 1/24/25 6:55 PM

President Rumen Radev and European Commissioner Ekaterina Zaharieva discuss future of scientific achievements

At a meeting with European Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva, President Rumen Radev pointed out that innovations, research and technologies are the basis of the policy for the development of a..

published on 1/24/25 4:31 PM