Text size

The caretaker government continues to work for Bulgaria's accession to the euro area

published on 12/4/22 4:55 PM

Rositsa Velkova

Photo: BGNES

Raising the minimum wage from EUR 363 to EUR 435 is a very high increase, interim Finance Minister Rositsa Velkova told BNR. She exlained that a rise of 5 euros leads to a budget deficit of 25.5 million euros. There should be an increase, but not like this, Ms. Velkova said, reiterating that the caretaker government has no right to submit a state budget to parliament.

Bulgaria meets the debt and deficit requirements well, although they are currently derogated, interim Deputy Prime Minister Atanas Pekanov told BNT. Although inflation is slightly higher, the country is coping well with the criteria for the introduction of the euro. The work to enter the eurozone on January 1, 2024, is ongoing, Pekanov said.

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

Radio Bulgaria Economy criteria deficit eurozone

More from category

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM

The state will continue to provide compensation to businesses over the price of electricity

Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..

published on 7/26/24 3:13 PM

Bulgarians keep more than 75 billion euros in banks, money sent by emigrants is also growing

Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..

published on 7/25/24 9:45 AM

WEATHER

Pick city: Sofía

Clear
Min: 8 | Max: 16

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

NSI: Business expectations fall due to uncertain economic environment

In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable..

published on 9/30/24 2:02 PM

Commercial operations of the Alexandroupolis LNG terminal begin

T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..

published on 10/1/24 11:01 AM

Share