Text size

Bulgaria to request euro area convergence report once criteria are met

published on 1/31/25 3:07 PM

Temenuzhka Perkova

Photo: BTA

Bulgaria will not yet request an extraordinary convergence report - a key step towards joining the eurozone. This was announced by Finance Minister Temenuzhka Petkova from the rostrum in Parliament.

She said that during her meetings with the EU Commissioner for Finance, the President of the Eurogroup and the President of the European Central Bank, she had received signals that Bulgaria would have to meet all the criteria before joining the the eurozone.

Ruling majority concerned whether it would be able to achieve 3% budget deficit

Petkova noted that as of December 2024, Bulgaria's inflation rate was 0.1 per cent above the reference value. "Of course, we will ask for a convergence report as soon as possible, but first we have to meet the necessary criteria," she stressed.

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

Radio Bulgaria News convergence report eurozone parliament temenuzhka petkova

More from category

MPs are divided over the idea of price ceiling

The idea of a price ceiling for basic food products has not yet been discussed with the partners in the ruling coalition. According to Prime Minister Rosen Zhelyazkov, direct state intervention in the market for basic consumer..

published on 2/7/25 4:18 PM

Deputy Prime Minister Donchev expects zero funding under second tranche of the Recovery and Resilience Programme

Bulgaria has paid 11% of the available funds under the EU's Recovery and Resilience Programme. This is less than 700 million euros for 4 years, Deputy Prime Minister Tomislav Donchev said in parliament. At the end of 2023, a..

published on 2/7/25 1:23 PM

GERB/SDS submits bill banning the sale of vapes

GERB/SDS are seeking legislative amendments that will fully ban the import, trade in, supply, distribution and sale, including online of vape type e-cigarettes, whether disposable or not, and whether they contain nicotine or not, said Kostadin..

published on 2/7/25 11:47 AM