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.
In its "Economic Freedom of the World, 2025" ranking , the Canadian Fraser Institute gives Bulgaria a score of 7.13 out of a maximum of 10 points. This places the country 56th out of 165. It ranks between Greece and Thailand. In 2024, Bulgaria was 52nd..
As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..
Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..
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