Adopting the euro in Bulgaria will discipline the banking system and will bring down interest rates, said Prime Minister Boyko Borissov at the 13th annual meeting between businesses and the government, dedicated to Bulgaria’s entry into the Eurozone.
The Bulgarian prime minister asked the rhetorical question: “Who is afraid of the introduction of the euro and why? Tax revenues in 2018, compared to 2014, are 50 percent higher which is an indication that the systems and transparency are working well. Our external debt this year will reach 18.6 percent and that will place us next to the countries with the lowest debt rate in the EU”, Boyko Borissov declared, and added that investments have gone up, and that they are in the real economy, while Bulgaria’s exports to Germany exceed imports.
On his part, European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis said at the forum that the introduction of the euro was important to small and open economies like the economy of Bulgaria which relies on export and tourism.
Sunday will be mostly cloudy. Rain is expected in the Danube plain. In the Balkans - light snow. Daytime temperatures will fall with a minimum between minus 3° and 2°, in Sofia - around 0°, and a maximum of 3-5°C in the northeastern half of the country..
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It is obvious that there is something wrong with the way the elections were held , Vice President Iliana Iotova told BNT. A few days ago, she described the newly elected 51st National Assembly as "illegitimate" because of the many signals of violations..
A second night of protests took place outside the Ivan Vazov National Theatre in Sofia, but this time there were no physical confrontations. The protest..
It is obvious that there is something wrong with the way the elections were held , Vice President Iliana Iotova told BNT. A few days ago, she described..
The Ministry of the Interior is working on a detailed report on the early parliamentary elections held on 27 October this year. It will include the..
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