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

The Bulgarian Antarctic ship Sts. Cyril and Methodius

PM Glavchev offers guarantees that the expedition to Antarctica is financially secured

At the last moment, when the third expedition of Bulgaria's Antarctic research ship was supposed to leave for Antarctica in November, we received a letter that the money for the ship to return back has been redirected to grain producers. This meant that..

published on 12/21/24 11:08 AM

Bulgarian Foreign Ministry expresses condolences to Croatia over Zagreb school tragedy

The Bulgarian Foreign Ministry has expressed its heartfelt condolences over the terrible tragedy at the Prečko School in Zagreb.  "Our thoughts are with the people of Croatia," the ministry wrote on the X network.  A child died on December 20, and..

published on 12/21/24 10:34 AM
Prevala mountain pass

Increased traffic on Bulgaria's roads before Christmas, rain and snow expected

Increased traffic is expected on the country's roads during the weekend . During peak hours, 1,500 cars per hour will pass on the highways. A special traffic organization has been introduced on the Hemus highway.  Traffic for heavy trucks through..

published on 12/21/24 10:14 AM