It is unlikely that Bulgaria will adopt the euro by 2025

published on 5/21/23 11:10 AM

Photo: Archive

Higher inflation compared to the average values for the European Union and low growth rates - this is predicted by the macroeconomic forecast for Bulgaria until 2025 of the Institute for Economic Research of the Bulgarian Academy of Sciences.

According to the forecast, it is unlikely that Bulgaria meet the criterion of the Maastricht Treaty, on which Bulgaria's joining the eurozone by 2025 depends. High energy prices internationally and the war in Ukraine are the reasons cited for this.

Economists predict that the real growth of the gross domestic product will decrease to around 1.7% this year, and that it will exceed BGN 200 billion (EUR 102 billion) in the next year.

The forecast for economic growth varies between 3% and 3.5% per year.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy economic forecast economic growth Eurozone high energy prices Institute for Economic Research Maastricht Treaty

More from category

Bulgaria and Japan deepen economic cooperation

The Bulgarian Investment Agency (BIA) and the Japan External Trade Organization (JETRO) are signing a memorandum of understanding that will give new impetus to the trade and economic relations between Bulgaria and Japan. The two countries are seeking..

published on 6/25/25 10:51 AM

BNB: Household bank loans in Bulgaria increase by over 20% year-on-year

According to data from the Bulgarian National Bank, household bank loans in Bulgaria surpassed €25.5 billion mark , reaching €25.59 billion by the end of May 2025. The Bulgarian News Agency (BTA) reported that the total loan amount had increased by..

published on 6/24/25 4:13 PM

Labour force from the Bulgarian diaspora – a good idea, but it will not solve existing problems

A number of institutions – the Ministry of Labor and Social Policy, the Employment Agency, the Executive Agency for Bulgarians Abroad and the Ministry of Interior, as well as members of parliament, have made a clear commitment – to..

published on 6/17/25 4:05 PM