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.
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
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)..
Mostly Cloudy
Overcast, rain
Cloudy