Bulgaria has been assessed on its merits for meeting the Maastricht convergence criteria, which shows the similarity of the Bulgarian economy with the European Union's requirements for sustainability and stability, Prime Minister Rosen Zhelyazkov said at a press conference at the Council of Ministers after a meeting with European Commissioner for Economy and Productivity, Valdis Dombrovskis, BTA reported.
The decision to lift the derogation, which has existed since the entry into force of the Treaty of Bulgaria’s Accession to the EU, is expected in July, so that we can introduce the euro on January 1, 2026, the Prime Minister also said. According to him, this does not mean that Bulgaria is abandoning its national currency. "On the contrary - it is joining the common European currency, but above all the Bulgarian economy and Bulgarian finances are sustainable and are approaching the European criteria for stability and sustainability as much as possible."
Valdis Dombrovskis said that this country meets the four important conditions for joining the eurozone, BGNES has reported. “Joining the eurozone requires a lot of effort and compliance with rules, as well as commitment from the authorities,” he added.
According to the European Commissioner, Bulgaria’s economic growth has doubled since joining the EU and this shows the benefits of convergence and membership. “Bulgaria and the people should be proud of this achievement, but development should not stop. The euro will provide practical benefits for Bulgarian citizens and companies – we are already seeing the transformative impact on the country, as there are many positive signals for investors,” Valdis Dombrovskis added.
EP, ECB convergence reports greenlight Bulgaria's entry into the eurozone
Editor: Diana Tsankova
Publication in English: Al. Markov
Photo: BTA
Bulgaria's Road Infrastructure Agency has announced that environmental activists have withdrawn their complaints and terminated the cases related to the construction of the last unfinished section of the Struma Highway through the Kresna Gorge. Given..
Minister of Foreign Affairs Georg Georgiev spoke by phone with his counterpart from the Republic of North Macedonia . Timcho Mucunski, officially informing him about the decision of the Bulgarian Parliament adopted on May 30, 2025, on the progress of..
From June 11 to 26, 2025, the fifth mission of the Naval Mine Countermeasures Group "MCM BLACK SEA" is being carried out in the Black Sea. Warships from Bulgaria, Romania and Turkey are participating in the action, which began from Burgas, BGNES..
Bulgaria and Kazakhstan will work on the development of the Trans-Caspian international transport corridor, known as the "Middle Corridor". This was..
The procedure for filling out one-day employment contracts for work in agriculture is being simplified. After a change in the regulation, only the..
The Ministry of Agriculture and Food and the Agricultur al Academy presented Bulgaria's innovation and scientific potential in agriculture during..
+359 2 9336 661