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

Results of bank stress tests - crucial for Bulgaria's path to ERM II

Photo: BTA

At the annual meeting of business with the government in Bulgaria EC Vice-President Valdis Dombrovskis presented positive results of euro area membership to Bulgarian. Dombrovskis has pointed out that cooperation with Bulgarian authorities was very good and the country had good fiscal policy and macroeconomic indicators.

However, Bulgaria is expected to improve overall governance in the financial sector, as well as to work for overcoming poverty and social exclusion. Commissioner Dombrovskis pointed out that the outcome of the stress tests in the banking system in July 2019 will be decisive for Bulgaria’s path to ERM II. According to the EU Commissioner, Eurozone membership is a guarantee for stability and a secure way to ensure a better business environment, which would help Bulgaria attract more foreign investors.




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

Sunny weather in most of Bulgaria on Thursday, with fog near rivers

Overnight it will be clear. The wind will die down in most areas. After midnight along the Danube River, in lowlands and near rivers fogs will form and visibility will be reduced with low clouds. Minimum temperatures will be between minus 3°C and 2°C,..

published on 11/27/24 7:25 PM

EU ambassadors reach agreement on Bulgaria’s entry into Schengen by land

The ambassadors of the EU Member States have reached a preliminary agreement on the draft decision to abolish checks at internal land borders for Bulgaria and Romania. This is planned to happen on January 1, 2025. The decision is expected to be finally..

published on 11/27/24 5:45 PM

Shopping malls vow to step up security after series of aggressive acts

Shopping malls in Sofia and across the country will increase the number of security guards where needed. Additional panic buttons are also to be put in place if retailers wish, the Bulgarian Retail Association said. Groups of suspicious persons will be..

published on 11/27/24 4:44 PM