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

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM

The state will continue to provide compensation to businesses over the price of electricity

Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..

published on 7/26/24 3:13 PM