The European Commission welcomes Bulgaria's continued ambition to join the euro area when all criteria for this are met, the institution told BNR following the news that Bulgaria will miss its January 1, 2024 target date for joining the euro zone.
"Accession to the euro area is governed by transparent rules and criteria that ensure fair treatment of applicant countries and successful membership. Regardless of the specific date of accession, the Commission will continue to work with Bulgaria to enable its successful membership of the single currency area," Brussels said.
"The eurozone is by no means a mirage and will not remain a mirage," Deputy Finance Minister Metodi Metodiev told Nova TV, stressing that Bulgaria must curb inflation and implement promised reforms.
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
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