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

Sunny spells, stop of rain and snowfall on Sunday

Sunny weather will prevail on Sunday. There will be more significant cloudiness before noon over the northeastern regions, and after noon in places in southeastern Bulgaria. There will be a moderate westerly-northwesterly wind. Minimum temperatures..

published on 12/21/24 6:15 PM

Industry workers in demand, no applicants for jobs in hospitals and social services

There are nearly 17,600 job vacancies in the country by the end of the third quarter of 2024, according to the National Statistical Institute. This is almost 1,000 fewer than at the end of the second quarter.  The Employment Agency reported that..

published on 12/21/24 5:04 PM
Parliamentary Speaker Natalia Kiselova

The Speaker of Parliament expects the President will not appoint a Prosecutor General

The most important thing is to form a government, the Speaker of Parliament Assoc. Prof. Natalia Kiselova told the Bulgarian National Radio. If there are talks about a government, there will also be talks about other bodies, with the exception of the..

published on 12/21/24 4:26 PM