Bulgarian National Bank (BNB) Governor Dimitar Radev warned that the dynamics of the political processes in Bulgaria will determine whether Bulgaria will join the euro zone in January 2024. The adoption of 100 legislative texts is needed, including a law on the adoption of the euro.
"The whole process of joining the eurozone is very much a function of the political process. We have had a major change in this process since yesterday. So it is very important how this process will develop from now on. This could speed up or slow down the introduction of the euro in Bulgaria," said Dimitar Radev.
Because of the political events of last year the process was significantly delayed and now we have 18 months to complete it, he added during a joint meeting of the parliamentary committees on budget and finance and on European affairs. Both committees are discussing a draft law for approval of the national plan for the introduction of the euro.
Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general economic situation in Bulgaria has been improving over the past 12 months, and expectations for the next..
Congressman Joe Wilson, Republican from the state of South Carolina, founder and co-chair of the Congressional Friendship Caucus for Bulgaria, addressed the House of Representatives on Bulgaria. This was announced by the Embassy of Bulgaria in the USA on..
The claims made by North Macedonia’s Premier Hristijan Mickoski, his Deputy Prime Minister and Minister of Transport Aleksandar Nikoloski and other responsible figures in Skopje regarding Corridor No. 8 are false and misleading. This was stated by the..
The caretaker government has allowed the Bulgarian military to train Ukrainian soldiers on the territory of NATO member states. The reasoning states that..
Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general..
Without discussion and debates, the parliament adopted conclusively the Law on the Introduction of the Euro in Bulgaria. 167 MP from GERB-SDS, the..
Partly cloudy, chance of rain
Clear
Partly Cloudy
Mostly Cloudy
sunshine, cloud, rain and thunder