Bulgaria and Croatia still need to work to fix their economies and improve their institutions before joining the Eurozone, the member of the European Central Bank’s Executive Board Fabio Panetta said on Monday, Reuters reports. The reforms undertaken by both countries will not address all imbalances and vulnerabilities they face. More progress is needed to improve governance, their legal framework and the overall quality of the institutions, Fabio Panetta says further. The two countries recently joined the ERM-2, known as the Eurozone waiting room and will be able to adopt the Euro in 2023 at the earliest.
Around mid-January, we are expected to fulfil the last criterion for the eurozone, which will allow us to submit the convergence reports to the European Central Bank and the European Commission, caretaker Prime Minister Dimitar..
Caretaker Minister of Energy Vladimir Malinov has confirmed that Hungarian company MOL will participate in the auction for the sale of Lukoil Neftochim. His words came in response to a statement by Prime Minister Viktor Orban, made a..
In a statement to the media, party leader Delyan Peevski announced that he had sent a letter to the Alliance of Liberals and Democrats for Europe, in which he announced the decision of DPS-New Beginning to terminate its membership in ALDE. It was taken..
12 settlements in Smolyan district are without electricity after the heavy snowfall yesterday. Settlements in the municipalities of Smolyan, Devin and..
This year, employers prefer to replace the 13th salary with Christmas events and bonuses. Less than 50% of companies in Bulgaria pay bonuses...
Long lines of trucks and cars have formed at the border with Turkiye, reported Nova TV. The line of trucks on the Maritsa motorway has reached..
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