Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria can become part of the Eurozone in 2025, says IMF's Jean-Francois Dauphin

Jean-François Dauphin, head of the IMF mission
Photo: BTA

The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system. The fund's mission began on March 6 and ends today.

"Bulgaria's accession to the Eurozone in 2025 is realistic," said Dauphin. According to him, joining the euro will reduce some of the risks facing the Bulgarian economy. The fund's regular mission expects the Bulgarian economy to grow by 2.7% this year and inflation to be 3.5%.

Among the fund's long-term recommendations is the abolition of the maximum insurance threshold and the introduction of a progressive income tax scale.



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

BNB: Deposits up to BGN 1,000 most common, number of millionaires growing

In March 2024, 1,518 people in Bulgaria had deposits of more than BGN 1 million, while in March 2023, 1,277 Bulgarians had such deposits, according to the latest BNB data.  Deposits between BGN 200 thousand and BGN 500 thousand grew the most..

published on 5/14/24 3:56 PM

Bulgaria's GDP growth accelerates in the first quarter of 2024

In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the Bulgarian National Bank said in its regular economic review. The GDP growth is mainly due to the..

published on 5/14/24 9:38 AM

May 13 is Tax Freedom Day in 2024

The Institute for Market Economics has reported that it took 134 days for working Bulgarians to pay their debts to the treasury. This day is almost always in the middle of May, economist Lachezar Bogdanov told BNR. According to..

published on 5/13/24 9:58 AM