Bulgaria will meet the price stability criterion for joining the eurozone without the need for subjective calculations, said the Institute for Market Economics (IME), which refers to inflation data in recent months.
Following a positive assessment of the medium-term fiscal program and official figures showing a deficit amounting to 3% of the GDP for 2024, the country is expected to receive a positive assessment in the upcoming convergence report, the experts note.
According to the IME’s analysis, the average annual inflation in Bulgaria remained at 2.7% in April, staying within the upper limit of the 2.8% criterion. Economists therefore expect a positive outcome in the June report and a euro adoption date of January 1, 2026. The eurozone’s financial rules and the need to maintain fiscal discipline may become a challenge for Bulgaria after adopting the common European currency, warned IME’s economist Petar Ganev.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: BGNES
In the first quarter of 2025, the average quarterly total income per household member in Bulgaria was BGN 3,271 (€1,672), marking a 15.2% increase compared to the same period in 2024. This data comes from the Household Budget Survey by the National..
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..
Partly Cloudy
Clear
Mostly Cloudy