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

Dimitar Radev: The political crisis has delayed Bulgaria's entry into the Eurozone

Dimitar Radev, BNR governor
Photo: BGNES

The political crisis is at the root of the delay in Bulgaria's accession to the Eurozone. This was stated by the governor of the Bulgarian National Bank, Dimitar Radev, in his first public appearance, after it became clear that the target date - January 1, 2024, cannot be achieved, and entry into the currency union will be delayed by at least a year due to high inflation and the non-acceptance of several laws. 
With the formation of the 49th National Assembly, the caretaker cabinet will once again introduce the necessary bills in order to move Bulgaria forward on the path of the euro, stated the caretaker Minister of Finance Rositza Velkova-Zheleva.

"We hope that Bulgaria will become the 21st country to join the euro area, cementing its membership of the European family and securing its place at the core of the European process," said Valdis Dombrovskis, EC Executive Vice President, today at the "Bulgaria towards the euro" conference taking place in Sofia. 
The adoption of the euro helps promote foreign and domestic investment, leading to higher economic growth and more jobs, Dombrovskis said.



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

Support for protesting Serbian students in Pirot.

Bulgarians and Serbs from Tsaribrod and Pirot support student protests

Bulgarians and Serbs from the towns of Tsaribrod and Pirot marched in support of the student protests in Serbia , reports BTA. "We want the students' demands to be met and we hope that there will be changes in Serbia," demonstrators from the two towns in..

published on 2/16/25 10:27 AM

Balkan Stream pipeline exempted from US sanctions on Gazprombank transactions until March 2025

The Balkan Stream gas pipeline will not be subject to US sanctions for transactions with Russia's Gazprombank. This was revealed in a written answer to a parliamentary question to Energy Minister Zhecho Stankov. On December 23, 2024, the Ministry of..

published on 2/16/25 9:45 AM
Timco Mucunski (L) and Georg Georgiev (R)

North Macedonia's EU membership goes through the inclusion of Bulgarians in its constitution

Bulgaria’s Minister of Foreign Affairs Georg Georgiev met with North Macedonia’s Foreign Minister Timco Mucunski during the Munich Security Conference. Georg Georgiev emphasized that Bulgaria's position regarding the European integration of North..

published on 2/15/25 5:25 PM