Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Inflation is an impediment to Bulgaria's euro zone aspirations

Photo: EPA/BGNES

There is a danger of an inflationary spiral, Bulgarian National Bank's Deputy Governor Kalin Hristov warned at a parliamentary roundtable on Introducing the single European currency in Bulgaria. In 2021, we already had widespread inflation spreading to labour prices, Hristov said.


National Statistical Institute President Sergey Tsvetarski warned that Bulgaria does not meet the price stability convergence criterion for joining the Euro zone, under which the candidate's inflation rate cannot be higher than 1.5% above the rate of the three best-performing member states.

If we fail to conta‌in this inflation shock that our economy is suffering, it will be critical for Bulgaria's eurozone accession, said Lyubomir Karimanski, chairman of the parliamentary committee on budget and finance.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

President Rumen Radev co-pilots F-16, praises the aircraft's capabilities

President Rumen Radev was co-pilot in an F-16 fighter piloted by an Italian pilot. The demonstration flight from the Graf Ignatyevo airbase lasted 40 minutes.  "The F-16 flight took me back to 2005, when General Clark, then a captain, and I flew..

published on 9/13/24 11:56 AM

Defense Minister Zapryanov: We are not involved in the war by assisting Ukraine

''Our aid is being used on the front line as combat equipment and ammunition on the territory of Ukraine'', caretaker Minister of Defense Atanas Zapryanov told BNT regarding the military aid that Bulgaria provides to Ukraine.  '' Everything we have..

published on 9/13/24 10:49 AM

Bulgaria and the UK to build on their strategic partnership

Bulgaria’s Deputy Minister of Foreign Affairs Elena Shekerletova and the newly-appointed British Ambassador to Bulgaria, Nathaniel Copsey, praised the state of bilateral relations between Bulgaria and the United Kingdom. They committed to deepening..

published on 9/13/24 10:15 AM