Bulgaria has met all the criteria to enter the ‘waiting room’ of the Eurozone, but we shouldn’t have unrealistic expectations, said Chair of the Association of Banks in Bulgaria Petar Andronov for the BNR. He added that the Bulgarian banking system was in a good condition and had used the last few years of growth, in order to increase and secure its capital. In his words not everyone from the Eurozone member-states had a stable bank system when they adopted the common European currency. However, today and after the bitter lesson of the financial crisis the European Central Bank is much more cautious in regard to the zone’s expansion. Andronov foresaw that upon Bulgaria’s entering of the Eurozone the BGN savings of the citizens wouldn’t be lost, since the fixed exchange rate would be kept. He also excluded any possibility for shocking jump of prices as inflation wouldn’t be serious.
On January 1 the salaries in Bulgaria’s budget sphere increased with 10%. According to latest data of the National Statistical Institute, quoted by Trud daily, only 11.3% of the Bulgarians receive over EUR 370 per month. The..
Commenting on investment expectations for 2019, Stamen Yanev, Executive Director of the Bulgarian Investment Agency said, for the Bulgarian National Radio, that based on the results achieved in 2018, the forecasts of this government authority..
The road infrastructure and the condition of the Bulgarian roads is a problem both for this country’s authorities and citizens. The condition of the Bulgarian roads does not correspond with the contemporary perception of modern first-class..