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

BNB: Bulgaria's adoption of the euro in 2025 is realistic

Photo: BGNES

Bulgaria will not be able to meet all the criteria for joining the euro area by the time the convergence report is published in June, Bulgarian National Bank (BNB) governor Dimitar Radev said at a conference on euro adoption in Sofia. 

"The main reason for the delay is the political crisis," Radev stated. 

The BNB and the financial sector will be fully prepared by the end of the year, but this is not enough in technical and logistical terms, Radev said. "A number of mainly information accounting systems, under the control of the executive and municipalities, need to be made ready to work in the eurozone environment," he explained. 

Mr Radev called for the adoption as soon as possible of the law on the introduction of the euro, which would give clear signals and guarantees to businesses and households about what was to come.



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

Slavi Trifonov

ITN returns the mandate for cabinet unfulfilled and new elections are forthcoming

Tomorrow, ITN will return to President Rumen Radev the third mandate for forming a government that has not been fulfilled, the leader of the party Slavi Trifonov announced on his Facebook page. Slavi Trifonov recalled the..

published on 8/4/24 4:20 PM

Most of the unemployed have no professional qualifications

Most unemployed people in Bulgaria do not have a professional qualification, the Employment Agency reports. For just a year, the number of people without special skills increased by 8% and is nearly 87 thousand. The data also..

published on 8/4/24 3:41 PM

Bulgaria ranks second in Europe when it comes to forest fires

Bulgaria is in second place after Cyprus in the ranking of forest fires in Europe in 2024, according to the European Forest Fire Information System. About 600 forest fires break out in this country every year, affecting..

published on 8/4/24 12:10 PM