World-famous economist Prof. Steve Hanke, who introduced the currency board in this country said, in an interview with bTV, that Bulgaria’s accession to the Eurozone will raise the risk of higher inflation.
Prof. Hanke also criticized the way in which the adoption of the euro is being analyzed and pointed out that it was a political decision, adding that that was the old approach by the Borissov government which wanted to do it in secret. Prof. Hanke said further that there has been no cost-benefit analysis of the adoption of the euro for society and for the economy, adding that such an analysis has to be done by the Bulgarian National Bank and the Ministry of Finance.
The EU Council on Economic and Financial Affairs (ECOFIN) unanimously approved the final three acts enabling Bulgaria’s accession to the eurozone. Earlier, MEPs in Strasbourg had adopted the report supporting Bulgaria’s admission to the euro area...
A second ship carrying pipes for the Vertical Gas Corridor project, which will connect Greece and Romania, has arrived at the Port of Burgas. Energy Minister Zhecho Stankov oversaw the delivery. "These 2,526 pipes from India..
Before approving Bulgaria's accession to the eurozone by an absolute majority, the European Parliament in Strasbourg rejected a request by a Vazrazhdane MEP for the vote to be postponed. The request was tabled by Rada Laykova, a member of the Europe..
The EU's Economic and Financial Affairs Council (ECOFIN) has allowed Bulgaria and 14 other EU countries to exceed their budget limits in order to boost..
Full EU membership is neither the end of the story nor a solution to all problems. Realism and accurate self-assessment must guide important decisions,..
The ministers of agriculture of Bulgaria, Hungary, Poland, Slovakia and Romania have signed a joint declaration concerning the agricultural aspects of..
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