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.
“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..
In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..
Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..
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