Text size

Bulgaria may join the euro zone in 2024, but needs to change its laws

published on 6/2/22 5:35 PM

Assen Vassilev

Photo: BGNES

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 country needs to amend more than 100 laws, including the Bulgarian National Bank law, in order to synchronise them with eurozone legislation.

The second important condition is to meet the inflation criteria. Vassilev pointed out that inflation in Bulgaria is moving ahead of other EU countries because energy and food, which are experiencing serious price increases, have a larger share in the consumer basket than in other European countries.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News 2024 Bulgaria euro zone

More from category

Yellow code for strong wind across the country except for the regions of Kyustendil and Pernik

On Tuesday , the lowest temperatures will be between 3 and 8°C; in Sofia – about 4°C. During the day before noon cloudiness will be significant and in places rainfall is expected. Precipitation will be more significant in..

published on 10/27/25 7:35 PM

Bulgarian students win four medals at the IOAA in Romania

The Bulgarian team is returning home with four medals from the Youth International Olympiad on Astronomy and Astrophysics (IOAA) , held in the Romanian city of Piatra Neamț, the Ministry of Education and Science announced. The competition brought..

published on 10/27/25 5:28 PM

The Association of Bulgarian Schools in America organises competition for National Awakeners' Day

The Association of Bulgarian Schools in America invites children from the Bulgarian community in North America to participate in a competition dedicated to November 1 - National Awakeners' Day, the organization announced on its..

published on 10/27/25 4:49 PM