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Eurozone entry could bring benefits for Bulgarian businesses and economy

Photo: REUTERS

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 sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance company "Allianz Trade". 

Experts' calculations show that if export data from 2023 is taken as a basis, this means a missed potential increase in volume worth 2.6 billion dollars. 

In addition, due to the delay in eurozone membership, Bulgarian businesses continue to suffer losses from transaction costs, which will decrease upon transition to a common currency. Thus, the overall effect on the country's GDP after joining the eurozone would amount to an additional growth of 0.2% per year, Allianz Trade summarizes.

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