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Fitch Ratings: Sofia could be ready to adopt the euro in early 2025

International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..

19.10.24 13:43 |

Bulgarian Parliament decides not to hold a referendum on the euro

The parliamentary majority composed of GERB-SDS, PP-DB, the parliamentary group of the MRF and two independent MPs rejected the proposal of MPs Vazrazhdane party and ITN party to hold a national referendum on the adoption of the euro.  A total of..

04.09.24 13:20 |

Bulgaria’s Parliament adopts conclusively the Law on the Introduction of the Euro

Without discussion and debates, the parliament adopted conclusively the Law on the Introduction of the Euro in Bulgaria. 167 MP from GERB-SDS, the Movement for Rights and Freedoms (DPS) and We Continue the Change-Democratic Bulgaria voted in..

08.08.24 08:40 |

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

30.07.24 12:30 |

MPs vote in favour of Bulgaria joining the euro zone on 1 July 2025.

114 MPs from GERB-CDF, We Continue the Change - Democratic Bulgaria, DPS and 10 independents supported the government's bill on the introduction of the euro in Bulgaria in the first reading .  The bill stipulates that both currencies - the lev and the..

26.07.24 18:20 |
Deputy Prime Minister and Finance Minister Lyudmila Petkova (C) with Bulgarian delegation at ECOFIN in Brusselsл

Bulgaria's euro preparations on track, Finance Minister tells ECOFIN Council

Deputy Prime Minister and Minister of Finance Lyudmila Petkova assured that the technical preparations for the introduction of the euro in Bulgaria are progressing well . She was attending the meeting of EU Finance and Economic Ministers - ECOFIN - in..

16.07.24 16:18 |

Eurogroup encourages Bulgaria to continue on its Euro adoption path

Eurozone finance ministers discussed the implementation of the requirements for the introduction of the European single currency in Bulgaria , Eurogroup President Paschal Donohoe said after a meeting in Brussels, BTA reports. He pointed out that..

16.07.24 11:00 |
Delyan Peevski

Delyan Peevski opposes referendum on the euro

The Movement for Rights and Freedoms (DPS) is against the attempts of the anti-European and pro-Russian parties to play with the topic of "referendum for the euro". In a position published by the press center of the DPS, the chairman..

10.07.24 16:31 |

It is most realistic for Bulgaria to join the Eurozone in 2026

Bulgaria could join the euro area at the beginning of 2026. According to a study by the Non-Food Traders Association, this is the realistic period in which this country would be able to fulfill the criteria for the Eurozone.  According to the..

18.06.24 17:33 |
Metodi Metodiev

Bulgaria may ask for extraordinary report on joining the euro area

By mid-2025 Bulgaria will be ready for the Еuro area, the caretaker deputy finance minister Metodi Metodiev predicted before the financial forum in Sofia "The Noise of Money". In his words, by the end of 2024, the inflation criterion - the only one the..

04.06.24 16:46 |
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