Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Chief banker forecasts entry into Eurozone in 2024

Photo: BGNES

On January 1, 2024, Bulgarians will most likely shop using euros, the governor of the Bulgarian National Bank Dimitar Radev predicts, quoted by Bloomberg TV Bulgaria. The country's entry into ERM 2 will accelerate the process of convergence of the Bulgarian economy and that of the Eurozone and reaching incomes close to those in the Central European countries, Radev says. Interest rates in 2021 will remain at the same levels as in 2020.

Against the backdrop of the pandemic crisis, the situation in the banking sector is not worse than that before the crisis. The banking sector had been well prepared, the central bank had taken measures totaling more than 4.5 billion euros, while the banks themselves have been acting wisely and forming reserves to help them meet the risks in 2021, the banker said.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sub-zero morning temperatures and cool sunny weather during the day

On Tuesday , the lowest temperatures will be between minus 3° and 2°C, in Sofia - around minus 1°C. During the day it will be sunny, with light to moderate easterly wind. The highest temperatures will reach 10° to 15°C; in Sofia -..

published on 11/4/24 6:50 PM

Minister of Innovation: There was video surveillance in more than 99.5% of the polling stations

Over 99.5% of Bulgaria's polling stations were covered by video surveillance in the October 27 parliamentary elections. This was stated at a briefing by the Caretaker Minister of Innovation and Growth Rosen Karadimov, appointed by the caretaker..

published on 11/4/24 6:05 PM

17 drifting mines have been destroyed in the Black Sea since the beginning of the war in Ukraine

17 drifting mines have been discovered and destroyed in the Black Sea by the Naval Forces of Bulgaria, Romania and Turkey since the beginning of the war in Ukraine until today. This was said by Fleet Admiral Velko Velkov at the opening of the Poseidon..

published on 11/4/24 5:45 PM