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Temenuzhka Petkova

Bulgaria may ask for report on euro readiness as early as January

Stabilising state finances will be the main task of the Finance Ministry, its new head Temenuzhka Petkova said at her inauguration as minister.  The only woman minister in the new cabinet, Petkova said that Bulgaria had an opportunity to introduce..

16.01.25 17:01 |

Expected deficit at the end of last year exceeds €3 billion

Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..

03.01.25 09:24 |
BIA President Dobri Mitrev

Businesses are cautious in their expectations for 2025

41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..

17.12.24 11:32 |

According to Eurobarometer, Bulgarians remain divided over the adoption of the euro

Support for the eurozone in Bulgaria has increased by 9 points to 46%, according to data from the autumn edition of the Standard Eurobarometer survey. The survey was conducted between October 11 and November 1. However, the country remains divided on..

17.12.24 11:06 |
Dimitar Radev

The banks are ready for the euro, now politicians should make a move, BNB governor says

A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with..

06.12.24 10:52 |

Eurobarometer: Bulgarians’ trust in the EU is a little over the average for the Union

A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common currency, the euro, both in the EU as a whole (74%) and in the euro area (81%). In Bulgaria,..

30.11.24 16:30 |

Fitch Ratings: Sofia could be ready to adopt the euro in early 2025

International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..

19.10.24 13:43 |

Bulgarian Parliament decides not to hold a referendum on the euro

The parliamentary majority composed of GERB-SDS, PP-DB, the parliamentary group of the MRF and two independent MPs rejected the proposal of MPs Vazrazhdane party and ITN party to hold a national referendum on the adoption of the euro.  A total of..

04.09.24 13:20 |

Bulgaria’s Parliament adopts conclusively the Law on the Introduction of the Euro

Without discussion and debates, the parliament adopted conclusively the Law on the Introduction of the Euro in Bulgaria. 167 MP from GERB-SDS, the Movement for Rights and Freedoms (DPS) and We Continue the Change-Democratic Bulgaria voted in..

08.08.24 08:40 |

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

30.07.24 12:30 |
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