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.
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...
The largest net positive flows of direct investments in the country for January - July 2024 are from the Netherlands (269.5 million euros), Austria (225 million euros) and Greece (160.5 million euros), BNB data show. According to them, the..
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