Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence reports from the European Central Bank (ECB) and the European Commission regarding its readiness to introduce the euro, the Ministry of Finance announced. Minister Petkova met in Brussels with ECB President Christine Lagarde, Eurogroup President Paschal Donohoe and EU Commissioner Valdis Dombrovskis.
“A good first discussion with Temenuzhka Petkova, Bulgarian Minister of Finance – looking forward to strong cooperation. The EU Commission will continue to support Bulgaria on its path to Euro Area accession”, Commissioner for Economy and Productivity Valdis Dombrovskis wrote on X.
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB)..
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