Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Economists call for an extraordinary convergence report on the introduction of the euro

Photo: ЕPA/BGNES-archive

Economists and financiers have started a petition demanding that a request for an extraordinary convergence report on the introduction of the euro in Bulgaria be submitted no later than February. "If urgent action is not taken by the government for Bulgaria’s entry into the Eurozone, the risk of a new wave of social demands and political demagoguery will escalate, leading to a weakening of fiscal and financial discipline", the authors warn.

According to them, delaying the request for such a report will postpone the introduction of the single currency in Bulgaria indefinitely. "With this unprincipled decision, citizens, companies and investors in Bulgaria will be unjustifiably exposed to a number of explicit and implicit risks. It may also lead to a political decision to abandon the fixed exchange rate of the lev to the euro, which would suspend the functioning of the currency board and existentially threaten the stability of the monetary, financial and social system", the economists point out.

According to a survey by the sociological agency "Myara" from January, 57.1% of Bulgarians are against the adoption of the euro in principle.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Blagoevgrad to host the 32nd edition of the International Mathematics Competition for University Students

From July 28 to August 3, the town of Blagoevgrad (Southwestern Bulgaria) will host the 32nd edition of the prestigious International Mathematics Competition for University Students. Over 550 participants from 143 universities in 52 countries,..

published on 7/27/25 5:40 AM

85 folk ensembles to participate in the "Sparks from the Past" festival in Apriltsi

A total of 85 folk ensembles from across the country will participate in the "Sparks from the Past" festival, which will take place in the mountain town of Apriltsi on July 26 and 27. The open-air stage for the performances will be set up at..

published on 7/26/25 5:45 AM

Red heat alert issued for 12 Bulgarian districts, orange code alert in effect for the rest of the country

On Saturday, it will be sunny and even hotter. In the afternoon, clouds will form over the mountainous regions of Western Bulgaria, and by the evening, also in the northwestern areas. Isolated thunderstorms and rain showers are expected in some..

published on 7/25/25 6:25 PM