Text size

Eurozone entry could bring benefits for Bulgarian businesses and economy

published on 1/8/25 11:37 AM

Photo: REUTERS

Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance company "Allianz Trade".

Experts' calculations show that if export data from 2023 is taken as a basis, this means a missed potential increase in volume worth 2.6 billion dollars.

In addition, due to the delay in eurozone membership, Bulgarian businesses continue to suffer losses from transaction costs, which will decrease upon transition to a common currency. Thus, the overall effect on the country's GDP after joining the eurozone would amount to an additional growth of 0.2% per year, Allianz Trade summarizes.

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

Radio Bulgaria Economy Bulgarian economy Eurozone

More from category

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP

Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..

published on 4/22/25 12:16 PM

62% of Bulgarian workers earn less than the living wage

A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..

published on 4/22/25 11:21 AM

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..

published on 4/18/25 7:05 AM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 9 | Max: 22

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

62% of Bulgarian workers earn less than the living wage

A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member..

published on 4/22/25 11:21 AM

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP

Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical..

published on 4/22/25 12:16 PM

Share

Eurozone entry could bring benefits for Bulgarian businesses and economy

More from category

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP

62% of Bulgarian workers earn less than the living wage

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

62% of Bulgarian workers earn less than the living wage

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP