Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the eurozone, the BNB announced. The meeting was held in Sofia at the invitation of Hungarian Ambassador Miklós Boros within the framework of the Hungarian Presidency of the EU. The current state and prospects for the Bulgarian economy, finances and preparations for Bulgaria's accession to the monetary union were discussed. The BNB Governor pointed out the need for political, institutional and fiscal consolidation as a key element of the current agenda.
Meanwhile, on December 3, the BNB launched the TIPS (Target Instant Payment Settlement) service in the country, which allows instant local and cross-border transactions in euros, the central bank's press center announced.
The draft state budget was adopted in first reading by the National Assembly on November 21. However, the planned changes in the financial framework for 2026 triggered an open clash between the ruling coalition, led by GERB party, and the opposition..
KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the conclusions of the Belgian financial group's latest assessments of the economies of Central and Eastern..
Foreign direct investment (FDI) in Bulgaria posted the largest net inflows from the Netherlands, Italy and Greece in the first half of 2025, the Bulgarian National Bank (BNB) said. Net FDI inflows totalled €554.9 million from the Netherlands, €325.2..
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