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

Institute for Economic Research of the Bulgarian Academy of Sciences:

It is unlikely that Bulgaria will adopt the euro by 2025

Photo: Archive

Higher inflation compared to the average values for the European Union and low growth rates - this is predicted by the macroeconomic forecast for Bulgaria until 2025 of the Institute for Economic Research of the Bulgarian Academy of Sciences

According to the forecast, it is unlikely that Bulgaria meet the criterion of the Maastricht Treaty, on which Bulgaria's joining the eurozone by 2025 depends. High energy prices internationally and the war in Ukraine are the reasons cited for this. 

Economists predict that the real growth of the gross domestic product will decrease to around 1.7% this year, and that it will exceed BGN 200 billion (EUR 102 billion) in the next year. 

The forecast for economic growth varies between 3% and 3.5% per year.



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

Adrian Nikolov

Salaries in industry will catch up with the pay in the IT sector

In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..

published on 4/19/24 10:32 AM
Dimitar Radev

Dimitar Radev: Joining the Eurozone later in 2025 is a possible scenario

Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..

published on 4/18/24 10:27 AM

Tsveti and her buffaloes of the Bulgarian Murrah breed

She is beautiful, young and educated and has the qualities for a successful career on the catwalk or in the advertising business! But she chose to raise buffaloes in a Bulgarian village. Tsvetelina Nedkova graduated with honors from..

published on 4/16/24 3:06 PM