It is unlikely that Bulgaria will adopt the euro by 2025

published on 5/21/23 11:10 AM

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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.

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

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Institute for Economic Research of the Bulgarian Academy of Sciences: