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

Kristalina Georgieva calls for increasing revenues and reducing deficit

Bulgaria should focus on adopting a budget that will help it enter the eurozone, International Monetary Fund Managing Director Kristalina Georgieva told Nova TV. According to her, the country is on its way to solving the problem of higher inflation. The..

published on 12/20/24 8:55 AM

Hungarian Prime Minister Viktor Orban arrives in Bulgaria at the invitation of President Radev

Bulgarian Head of State Rumen Radev will meet today at the presidency building in Sofia with Hungarian Prime Minister Viktor Orbán.  The Hungarian guest is visiting Bulgaria at the invitation of the Bulgarian president. Among the..

published on 12/20/24 7:10 AM

My Eco Christmas Bazaar in Sofia offers products from Bulgarian producers

My Eco Christmas Bazaar opens in Sofia today and will last for three days - until December 22. Visitors will find numerous souvenirs and accessories made from natural or recycled materials. They will be able to join craft workshops for..

published on 12/20/24 5:50 AM