I hope that the authorities in Bulgaria will manage to bring inflation in the country to levels that meet the requirements for adopting the euro, the Executive Director of the International Monetary Fund for Bulgaria, Paul Hilbers, said for BNT.
''The agreement on the currency board has existed for more than 25 years. This is a very successful policy for the country. Bulgaria has shown that it can live with a currency that is quite stable in value relative to the major currencies”, said Paul Hilbers. "The Bulgarian currency was first pegged to the German mark and then to the euro. I think this was a sign of strength. This is a good achievement. On the other hand, there are a number of conditions related to Bulgaria’s acceptance to the Eurozone - in the field of inflation, fiscal policy, deficit and debt", Paul Hilbers noted. “I see the need for the government to maintain strict policies to ensure that it can meet the last requirements for your admission'', Paul Hilbers added.
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil,..
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