Text size

Eurogroup encourages Bulgaria to continue on its Euro adoption path

published on 7/16/24 11:00 AM

Photo: Archive

Eurozone finance ministers discussed the implementation of the requirements for the introduction of the European single currency in Bulgaria, Eurogroup President Paschal Donohoe said after a meeting in Brussels, BTA reports. He pointed out that according to the EU, Bulgaria meets all the requirements except for price stability.

Sofia has made good progress and we encourage it to continue with its efforts to reform and adopt the euro. This will happen after achieving sustainable convergence with the euro area, Donohoe explained.

EU economy commissioner Paolo Gentiloni said the Commission acknowledged progress on most of the requirements in the country, but expected improvements in the governance of Bulgarian state-owned companies.

Caretaker deputy prime minister and finance minister Lyudmila Petkova said that the law on the introduction of the euro has been submitted to parliament and hopes for its adoption soon.

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

Radio Bulgaria News euro euro adoption introduction of the euro Paolo Gentiloni Paschal Donohoe

More from category

Warm but cloudy weather with precipitation in mountainous regions

On Wednesday there will be scattered clouds, which will thicken up in the afternoon. In the Balkan Mountain and the massifs in south-western Bulgaria, light rainfalls can be expected. The lowest temperatures will be between 8° and..

published on 9/17/24 6:45 PM

Foreign Minister Ivan Kondov (R) and US Ambassador to Bulgaria Kenneth Merten.

US to help Bulgaria meet visa waiver criteria

Bulgaria's inclusion in the US Visa Waiver Programme was discussed at a meeting today between Foreign Minister Ivan Kondov and US Ambassador to Bulgaria Kenneth Merten. "Bulgaria's inclusion in the US Visa Waiver Programme is of the utmost importance and..

published on 9/17/24 6:02 PM

Reactions to Bulgaria's portfolio in the European Commission - from satisfaction to disappointment

Bulgarian Commissioner Ekaterina Zaharieva will be given the portfolio "Start-ups, Research and Innovation" in the next European Commission. This was announced today in the European Parliament by Commission President Ursula von der Leyen. Later, in a..

published on 9/17/24 5:31 PM