Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria may ask for extraordinary report on joining the euro area

Metodi Metodiev
Photo: BTA

By mid-2025 Bulgaria will be ready for the Еuro area, the caretaker deputy finance minister Metodi Metodiev predicted before the financial forum in Sofia "The Noise of Money". In his words, by the end of 2024, the inflation criterion - the only one the country currently does not meet for the euro adoption - will be covered, allowing Bulgaria to request an extraordinary report. 

Very soon the government will also vote on the euro law, said Metodiev, according to whom almost all reforms for Eurozone membership have been implemented.

By the end of May 2024, the treasury is expected to report a surplus of 50 million euros. At the end of April, the surplus stood at 250 million euros. The difference is due to one-off spending as well as retroactive salaries paid to employees, the finance ministry 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

Iassen Tomov

Bulgaria seeks alternatives to evacuate citizens from Lebanon

Another evacuation flight from Lebanon to Bulgaria would be risky and almost impossible to organise , said Bulgaria's ambassador in Beirut, Iassen Tomov. Alternative options are being considered to bring the Bulgarian citizens home.  On Tuesday, 169..

published on 10/3/24 1:55 PM

Most Bulgarians are Euro-optimists, Eurobarometer survey shows

Most Bulgarians (60%) are optimistic about the future of the EU. The EU-wide figure is 65%, according to a Eurobarometer  post-election survey published by the European Parliament.  Positive attitudes towards the Community are also high - more..

published on 10/3/24 1:34 PM

British retiree Simon Hill: My wife and I love our lives in Bulgaria

Daily Mail Online published a letter from former teacher Simon Hill under the title “I’m living the Bulgarian retirement dream”. The retiree and his wife own two properties in Bulgaria. They get better healthcare, enjoy hot summers and ski in the..

published on 10/3/24 12:19 PM