Text size

EC: Bulgaria still not meeting eurozone criteria

published on 6/26/24 1:51 PM

Photo: pixabay

Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the requirements for adopting the single currency, the assessment said. It is reported that the country has almost fully aligned its legislation with the rules of the eurozone, including in relation to the budget, the exchange rate of the lev and long-term interest rates.

The inflation criterion is also expected to be met by the end of the year. Then Sofia will request an extraordinary report from the European Commission and the European Central Bank on joining the eurozone, the Bulgarian National Bank announced, BGNES reports.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy criteria ec euro zone inflation stabiliti

More from category

Construction of the Hemus Motorway has been going on for half a century

On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and leader of the Bulgarian Communist Party, Todor Zhivkov, turned the first sod for the country's..

published on 10/4/24 1:29 PM

Tourism minister calls for efforts for all-year-round tourism in Bulgaria

2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of border checkpoint crossings, caretaker Minister of Tourism Evtim Miloshev said. Yet resorts..

published on 10/4/24 11:17 AM

First LNG delivery from the Alexandroupolis terminal arrives in Bulgaria

Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial operation since 1 October this year and Bulgaria owns 20% of the project, which diversifies LNG supplies..

published on 10/3/24 3:39 PM