Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Deputy PM Pekanov: The introduction of the euro will reduce interest rates on loans

Atanas Pekanov
Photo: BGNES

With the adoption of the euro, Bulgaria will raise its credit rating and this will lead to a decrease in interest rates on loans, Acting Deputy Prime Minister for the Management of European Funds Atanas Pekanov told Nova TV, stressing that we are entering a cycle in which interest rates will rise. 

He added that if we achieve the national goal of adopting the European currency in 2024, we will be able to use all European instruments during crises, and Bulgaria's banking system will be more stable. 

In order for there to be no speculative activities in the commercial establishments, the regulatory authorities will have to be activated even before we enter the Eurozone, the Deputy Prime Minister also said. 

According to him, the date for the adoption of the euro remains realistic, but we have not yet met several criteria and inflation remains too high.



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

Acad. Ivan Todorov

One of the brightest Bulgarian minds passed away - physicist Ivan Todorov

Physicist Acad. Ivan Todorov passed away at the age of 91, the press center of the Bulgarian Academy of Sciences announced. Acad. Todorov was a scientist with outstanding achievements and world recognition in the field of modern..

published on 2/17/25 4:13 PM

Sofia Airport operates normally in winter conditions

Sofia Airport operates normally in winter conditions, BTA has reported. The runways for take off and landing have been cleaned. The aircraft are being treated against icing. Passengers are advised to arrive at the terminals at..

published on 2/17/25 2:44 PM
Ambassadors of France and Germany to Bulgaria

French Ambassador to Sofia: Paris Meeting is informal

Speaking to the Bulgarian National Radio, the ambassadors of Germany and France to Bulgaria Irene Plank and Joël Meyer commented on the current situation in Europe and the upcoming negotiations on Ukraine. "This is an informal..

published on 2/17/25 12:59 PM