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

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

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.



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

Pirogov Hospital

Child injured on the beach in Sozopol is in a stable condition

The nine-year-old boy, who was seriously injured in an accident with a cleaning machine on the central beach in Sozopol, has stable parameters, "Pirogov" reported. The child was transported by air from Burgas and underwent diagnostic..

published on 8/4/24 11:19 AM

Fire polluting the air of Plovdiv has been extinguished

The fire at a landfill in the village of Tsalapitsa near Plovdiv has been completely extinguished, but a team of fire-fighters with equipment remains there, Plovdiv Mayor Kostadin Dimitrov announced. The air quality indicators..

published on 8/4/24 10:50 AM

Weather forecast: Sun with showers on Sunday

On Sunday the weather will be predominantly sunny over most of the country. Cumulus clouds will form before midday over the Southeasternmost regions where there will be occasional showers. In the afternoon cumulus rain clouds will form over..

published on 8/3/24 6:05 PM