Text size

Bulgaria may join the euro zone in 2024, but needs to change its laws

published on 6/2/22 5:35 PM

Assen Vassilev

Photo: BGNES

The state budget update will be submitted to parliament next week, Finance Minister Assen Vassilev said in parliament.

He affirmed that according to Brussels' assessment, the euro could be adopted in Bulgaria by early 2024, but that the country needs to amend more than 100 laws, including the Bulgarian National Bank law, in order to synchronise them with eurozone legislation.

The second important condition is to meet the inflation criteria. Vassilev pointed out that inflation in Bulgaria is moving ahead of other EU countries because energy and food, which are experiencing serious price increases, have a larger share in the consumer basket than in other European countries.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News 2024 Bulgaria euro zone

More from category

Slight increase in temperatures on Thursday

On Thursday there will be significant cloudiness with rain showers. The lowest temperature will slightly rise and will be between 4° and 9°C; in Sofia - around 5°C. The highest will be between 13° and 18°C; in Sofia - around 13°C...

published on 4/2/25 7:15 PM

Bulgarian supercomputer Discoverer has been upgraded with new capabilities

The upgrade of the Bulgarian supercomputer Discoverer has been completed successfully, and the machine now has new systems capable of additional specialized services in the sphere of AI in business, the science community and the public sector in the..

published on 4/2/25 5:19 PM

The first F-16 fighter aircraft for the Bulgarian army has arrived

The first F-16 Block 70 aircraft for the Bulgarian army landed today at Graf Ignatievo air base. Before landing, it flew past the renewed multipurpose runway, renovated for the new fighter aircraft – the only runway in the country suited to..

published on 4/2/25 4:10 PM