Text size

Bulgaria has requested an extraordinary convergence report on the euro: PM Zhelyazkov

published on 2/25/25 11:49 AM

PM Rosen Zhelyazkov

Photo: BTA

Bulgaria has submitted a request for an extraordinary convergence report based on the understanding that the country meets the criteria for entering the Eurozone, Prime Minister Rosen Zhelyazkov said at the opening of a new production facility in Sofia.

“There are many steps that Bulgaria needs to take before it becomes clear whether it is ready to introduce the euro. The convergence report will probably be released in early June. After that, the findings of the European Central Bank, the European Commission, the Economic and Financial Affairs Council, the Eurogroup and the European Parliament will be examined and assessed. So there are many steps in which Bulgaria can show whether it is ready to introduce the euro from January 1, 2026,” Zhelyazkov also said.

Protest against the adoption of the euro to be held on February 22

He recalled that according to estimates, the gray sector in Bulgaria is about 30% and the goal is to lighten at least about 10%.

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

Radio Bulgaria News convergence report European Central Bank Eurozone Rosen Zhelyazkov

More from category

Bulgaria’s Anti-Corruption Commission probes 'Velichie' party in major property fraud case

Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..

published on 11/26/25 2:30 PM

Borissov cites EU defence adjustment to claim a 2026 deficit of 2.7%

The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..

published on 11/26/25 2:15 PM

Agriculture and forestry workers protest for higher salaries

Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..

published on 11/26/25 12:34 PM