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

Alfred Heer, head of the PACE delegation for election observation in Bulgaria

PACE is concerned about allegations of vote-buying and controlled voting in Bulgaria

The delegation of the Parliamentary Assembly of the Council of Europe (PACE) that observed Bulgaria’s parliamentary elections on October 27 noted the professional organization and conduct of the vote, but also highlighted a lack of trust among voters..

published on 10/28/24 5:39 PM

Bulgaria’s Chiren gas storage facility is 100% full

The Chiren underground gas storage is 100% full of natural gas, "Bulgartransgaz" has reported. According to the European regulation for guaranteeing the security of gas supplies during the upcoming heating season, gas storages in EU..

published on 10/28/24 4:13 PM

Caretaker government reports that it coped with the issue of vote buying

Caretaker Prime Minister Dimitar Glavchev announced at a briefing at the Novo Selo training ground that the government has successfully dealt with vote buying. He gave an example with the increased number of inspections of the voting..

published on 10/28/24 1:46 PM