Text size

Deputy PM Pekanov: The introduction of the euro will reduce interest rates on loans

published on 1/28/23 11:35 AM

Atanas Pekanov

Photo: BGNES

With the adoption of the euro, Bulgaria will raise its credit rating and this will lead to a decrease in interest rates on loans, Acting Deputy Prime Minister for the Management of European Funds Atanas Pekanov told Nova TV, stressing that we are entering a cycle in which interest rates will rise.

He added that if we achieve the national goal of adopting the European currency in 2024, we will be able to use all European instruments during crises, and Bulgaria's banking system will be more stable.

In order for there to be no speculative activities in the commercial establishments, the regulatory authorities will have to be activated even before we enter the Eurozone, the Deputy Prime Minister also said.

According to him, the date for the adoption of the euro remains realistic, but we have not yet met several criteria and inflation remains too high.

Radio Bulgaria News EU funds Euro European funds interest rates loans single currency

More from category

98-year-old Cornelia, a committed voter, came to the polls accompanied by her son.

Low voter turnout at the elections for the 49th National Assembly in Bulgaria

There are 11,818 polling stations in the country, 9,366 of which will have machine voting. There are also mobile ballot boxes, polling stations in health and social care facilities, as well as on vessels and in penitentiaries. According to the electoral..

published on 4/2/23 11:11 AM

Vote in Christchurch, New Zealand, April 2, 2023.

Election Day for Bulgarians living abroad has begun

The first two polling stations abroad in Auckland and Christchurch in New Zealand opened at 7 am local time (22:00 Bulgarian time last night) for the 49th National Assembly elections, the Foreign Ministry said. Voting in Australia began two hours..

published on 4/2/23 11:00 AM

Polling stations in 61 countries have been set up for April 2 election for parliament

The parliamentary elections in Bulgaria, the fifth in two years, have already started. A maximum of 2.7 million Bulgarian citizens are expected to go to the polling stations until the end of election day (20.00 pm), which is 46% of all Bulgarians..

published on 4/2/23 7:20 AM