Bulgaria will meet the final criterion of price stability for entry into the eurozone by January. After that, politicians are in charge, Bulgarian National Bank Governor Dimitar Radev has told BNT. "Politicians must try to get the final decision from the Council of the EU in 2025. The specific date for introducing the euro is a consequence of this decision and usually comes within 6 months," Radev said.
The average annual inflation for 2024 will be 2.6% and will slow down to 2.4% in 2025, according to the Autumn Macroeconomic Forecast of the Ministry of Finance. According to it, the economy will grow by 2.2% in 2024 and up to 2.8 and 3% in the next 2 years.
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services..
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