Text size

EC: Bulgaria still not meeting eurozone criteria

published on 6/26/24 1:51 PM

Photo: pixabay

Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the requirements for adopting the single currency, the assessment said. It is reported that the country has almost fully aligned its legislation with the rules of the eurozone, including in relation to the budget, the exchange rate of the lev and long-term interest rates.

The inflation criterion is also expected to be met by the end of the year. Then Sofia will request an extraordinary report from the European Commission and the European Central Bank on joining the eurozone, the Bulgarian National Bank announced, BGNES reports.

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

Radio Bulgaria Economy criteria ec euro zone inflation stabiliti

More from category

Bulgaria to ask EU to suspend egg imports from Ukraine

Bulgaria will request the suspension of egg imports from Ukraine at the upcoming Agriculture and Fisheries Council meeting in Brussels on September 23, caretaker Minister of Agriculture and Food Minister Georgi Tahov said at a meeting with farmers..

published on 9/20/24 10:31 AM

Business consumers to be compensated for high energy costs

All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European Commission has given the green light for the subsidy, the energy minister said. According to..

published on 9/18/24 3:06 PM

Romania launches feasibility study for the construction of a second bridge over the Danube River between Giurgiu and Ruse

The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports..

published on 9/17/24 10:05 AM