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.
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
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