Text size

BNB: Bulgaria's adoption of the euro in 2025 is realistic

published on 5/14/24 1:35 PM

Photo: BGNES

Bulgaria will not be able to meet all the criteria for joining the euro area by the time the convergence report is published in June, Bulgarian National Bank (BNB) governor Dimitar Radev said at a conference on euro adoption in Sofia.

"The main reason for the delay is the political crisis," Radev stated.

The BNB and the financial sector will be fully prepared by the end of the year, but this is not enough in technical and logistical terms, Radev said. "A number of mainly information accounting systems, under the control of the executive and municipalities, need to be made ready to work in the eurozone environment," he explained.

Mr Radev called for the adoption as soon as possible of the law on the introduction of the euro, which would give clear signals and guarantees to businesses and households about what was to come.

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

Radio Bulgaria News bnb dimitar radev euro problems prognosis

More from category

Sunny yet cold weather expected on Saturday

The weather on Saturday will be mostly sunny over most of Bulgaria. There will be considerable clouds in eastern Bulgaria before midday and rainfall is expected in the eastern areas, but precipitation will stop also there and clouds will break...

published on 11/22/24 7:35 PM

Greece reinforces police at Promakhon checkpoint on border with Bulgaria to speed up border crossing

Authorities in Greece will deploy more police officers at the Promakhon checkpoint on the border with Bulgaria to speed up the processing of documents for people and vehicles crossing the border, reports BNR's correspondent in Greece, Katya Peeva...

published on 11/22/24 6:09 PM

Hungarian Minister of Interior Sandor Pinter

Romania and Bulgaria have a chance to join Schengen by land as of January 2025

Romania and Bulgaria have a chance to join the Schengen area by land as of January 2025 , Hungarian Interior Minister Sándor Pinter said after an informal meeting in Budapest of the interior ministers of Hungary, Bulgaria, Romania and Austria ...

published on 11/22/24 4:37 PM