“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the Bulgarian National Bank said in an interview with public service TV BNT, and added that politicians are currently taking advantage of the fact people are not financially literate to make them afraid of the adoption of the Euro. The country’s financial system is stable and is ready for the adoption of the euro. The lack of a targeted economic policy and the rising prices in the country are much more dangerous for people’s money, he said further. People’s savings are going to be affected by inflation more than by the Eurozone. If we want to have price stability, then the fiscal and the monetary policy must be going in the same direction, Lyubomir Karimansky stated.
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8% from 2.1% a month earlier , reaching the highest level in 12 months (since January 2024, when it..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a meeting with aviation industry representatives. Minister Karadjov emphasized that he supports the idea..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott compared to the previous day, reported BTA. Temenuzhka Petkova took part in the meeting on..
From March 9 to 11, 2025, Inter Expo Center in Sofia plays host to the 41st edition of Holiday & SPA Expo. The event, organized with the support of the..
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