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

IMF head: It is realistic that Bulgaria will enter the Eurozone in 2025

Кристалина Георгиева
Photo: BTA

I would not insist on a date, the important thing is that in 2025 Bulgaria will be in the Eurozone and that is realistic. This is how Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), responded at a briefing in Sofia. 

We know that for Bulgaria entering the Eurozone is a legitimate priority. It will improve competitiveness, reduce transaction costs in trade and finance, and be more attractive for investments, Georgieva said. 

She believes that there are good conditions for the country to meet the requirements for the Eurozone by the end of the year. But the IMF recommends the Bulgarian government to be careful about the movement of prices, because inflation is a tax on people's incomes and affects the poor especially hard, reports BTA.

In response to a question about how the country's economy looks, Georgieva commented that, with the exception of inflation, Bulgaria looks good in the world and has managed to maintain growth. Inflation came from the two successive shocks - the pandemic that hit the world economy and the war in Ukraine, which for Europe, including Bulgaria, remains a significant factor, explained Georgieva.



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

Long lines of trucks and cars at the border with Turkiye

Long lines of trucks and cars have formed at the border with Turkiye, reported Nova TV. The line of trucks on the Maritsa motorway has reached Svilengrad and is over 12 kilometres long, which is due to the increased traffic before the holidays...

published on 12/22/24 5:21 PM

Monday will be cloudy and windy

During the night, the cloud cover will increase from the west, but there will still be no precipitation.  The weather will remain clear in the eastern parts of the country. The lowest temperatures will range from minus 3°C to 2°C, slightly higher in..

published on 12/22/24 5:20 PM

A new lane is being built at Kulata border checkpoint due to Bulgaria's entry into Schengen

The renovation of the Kulata border checkpoint has begun in connection with Bulgaria's upcoming entry into Schengen on January 1. There will be two lanes in each direction before the checkpoint. A new 200-meter lane is being built on Bulgarian..

published on 12/22/24 3:10 PM