Prime Minister Kiril Petkov has reaffirmed the government's commitment to adopting the euro. Petkov told Bloomberg TV Bulgaria that public support for the introduction of the single currency needs to be actively strengthened. "The transition from the Bulgarian lev to the euro must be done carefully and requires a full-scale public information campaign," PM Petkov said. He confirmed the goal of switching to the euro in 2024. About half of Bulgarians believe that the introduction of the euro would have negative consequences, according to a Eurobarometer survey from July 2021.
Petkov also said that Bulgaria was researching the possibility of constructing a new unit in Kozloduy NPP.
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
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