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 rose by 3.9%).
After the data was released, Democratic Bulgaria MP Martin Dimitrov said at a briefing with journalists that Bulgaria has "huge chances" to join the eurozone, "unless the government plays a double game and sabotages itself". He called on the government to request an extraordinary convergence report from the European Commission and to launch an informational campaign on the euro in response to the disinformation in society regarding the introduction of the single currency in Bulgaria.
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..
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