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..
For Bulgaria, joining the euro area is not a question of if, but when. This opinion was expressed by the Governor of the National Bank of Bulgaria (BNB), Dimitar Radev, at a conference in Sofia entitled "Bulgaria's European Path - Accession to the..
Constitutional Court will hear the case on the Parliament's resolution that rejects the holding of a national referendum on the euro changeover. The proposal of the referendum was to keep the Bulgarian lev as the only official currency until 2043. The..
1 January 2025, if efforts are made, is a possible and realistic date for Bulgaria's accession to the euro area . This is what Bulgarian National Bank Governor Dimitar Radev said during a hearing in Parliament. In his words, BNB and the Bulgarian banking..
Moody’s credit ratings agency has affirmed the long-term foreign and local currency sovereign credit ratings on Bulgaria at ‘Baa1’ with a stable outlook , the Ministry of Finance announced. According to the agency, the country can still..
Caretaker Prime Minister Galab Donev confirmed to the ambassadors of the EU countries that Bulgaria's main priority remains the country's accession to Schengen and the euro zone. He voiced his expectations for progress in the coming months. The Prime..
The state budget update will be submitted to parliament next week, Finance Minister Assen Vassilev said in parliament. He affirmed that according to Brussels' assessment, the euro could be adopted in Bulgaria by early 2024, but that the..
The Governor of the Bulgarian National Bank Dimitar Radev pointed to the year 2024 as a realistically possible deadline for Bulgaria's accession to the euro area. He made the statement during a video conference organized by the American Chamber of..
In the past twenty years Bulgaria’s macroeconomic indicators and public finance have been subject to the so-called currency board which was introduced on July 1, 1997. A currency board is a monetary authority which is required to..
