Text size

BNB: Bulgaria's adoption of the euro in 2025 is realistic

published on 5/14/24 1:35 PM

Photo: BGNES

Bulgaria will not be able to meet all the criteria for joining the euro area by the time the convergence report is published in June, Bulgarian National Bank (BNB) governor Dimitar Radev said at a conference on euro adoption in Sofia.

"The main reason for the delay is the political crisis," Radev stated.

The BNB and the financial sector will be fully prepared by the end of the year, but this is not enough in technical and logistical terms, Radev said. "A number of mainly information accounting systems, under the control of the executive and municipalities, need to be made ready to work in the eurozone environment," he explained.

Mr Radev called for the adoption as soon as possible of the law on the introduction of the euro, which would give clear signals and guarantees to businesses and households about what was to come.

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

Radio Bulgaria News bnb dimitar radev euro problems prognosis

More from category

Drop in temperatures, cloudy skies, rain expected in Bulgaria over the weekend

On Saturday, the minimum temperatures in Bulgaria will be from 8 to 13C, in Sofia – 10C. During the day, cloudy weather will prevail. Rain is expected in the southwestern regions. A moderate wind will blow from the east-northeast. Maximum..

published on 9/26/25 7:25 PM

Bulgarian industry is vulnerable to climate dumping

In economic terms, Bulgaria is highly dependent on carbon-intensive production and is particularly vulnerable to the risk of these productions being shifted to countries with weaker environmental standards, with the corresponding loss of jobs and a..

published on 9/26/25 6:01 PM

Just 10% of children deprived of parental care in Bulgaria can be adopted

Currently, out of nearly 8,000 children deprived of parental care, just 850 have permission for full adoption. This was announced by Deputy Minister of Labor and Social Policy Ivan Krastev at a roundtable in Sofia, specifying that about 3,700 children..

published on 9/26/25 5:35 PM