Text size

Eurogroup encourages Bulgaria to continue on its Euro adoption path

published on 7/16/24 11:00 AM

Photo: Archive

Eurozone finance ministers discussed the implementation of the requirements for the introduction of the European single currency in Bulgaria, Eurogroup President Paschal Donohoe said after a meeting in Brussels, BTA reports. He pointed out that according to the EU, Bulgaria meets all the requirements except for price stability.

Sofia has made good progress and we encourage it to continue with its efforts to reform and adopt the euro. This will happen after achieving sustainable convergence with the euro area, Donohoe explained.

EU economy commissioner Paolo Gentiloni said the Commission acknowledged progress on most of the requirements in the country, but expected improvements in the governance of Bulgarian state-owned companies.

Caretaker deputy prime minister and finance minister Lyudmila Petkova said that the law on the introduction of the euro has been submitted to parliament and hopes for its adoption soon.

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

Radio Bulgaria News euro euro adoption introduction of the euro Paolo Gentiloni Paschal Donohoe

More from category

BNB Governor: Bulgaria meets all nominal criteria for the eurozone

"Currently, Bulgaria is one of the few in the EU that unconditionally meets all nominal criteria for convergence to the eurozone, including the price stability criterion, with which we have had problems in recent years." This was..

published on 3/20/25 3:35 PM

Boyko Borissov denies there is pressure from Peevski on the ruling party

GERB leader Boyko Borissov denied that there was pressure from the leader of DPS-New Beginning, sanctioned under the global Magnitsky Act, Delyan Peevski, to be in power. He expressed confidence in the future of the cabinet due to..

published on 3/20/25 2:54 PM

Traffic on Danube Bridge near Ruse will be suspended on March 27

On March 27, traffic on the Danube Bridge near Ruse on the border with Romania will be suspended because of the ongoing major repairs. The passage of passenger cars will be limited from 9:00 a.m. to 9:00 p.m., and that of heavy..

published on 3/20/25 1:51 PM