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

Hot weather with precipitation in some places

On Saturday, cumulus clouds will develop over the western half of the country and short-term rain showers are expected. There will be conditions for hail. It will be mostly sunny over the eastern areas. The highest temperatures will..

published on 8/2/24 6:45 PM

Vazrazhdane party will not support a government backed by MRF

The Vazrazhdane parliamentary party will not support a government behind which MRF stands, even without Delyan Peevski. This was stated by party chairman Kostadin Kostadinov during a meeting with "There is Such a People" (ITN) in search of support for..

published on 8/2/24 5:35 PM

First AI Olympiad to bring 200 young people from all over the world to Bulgaria

Bulgaria will welcome nearly 200 students and young people from all over the world who will participate in the first International Artificial Intelligence Olympiad created by Bulgarians .  44 teams have confirmed their participation in the..

published on 8/2/24 5:05 PM