There is a real risk that Bulgaria will not be able to join the eurozone on January 1, 2024, the Governor of the Bulgarian National Bank Dimitar Radev warned during a hearing in the National Assembly. "The delay in joining the euro area is mainly caused by the lack of a regular government and clear political commitment. Rising inflation is also a big problem", Dimitar Radev noted.
“The political decision about the Eurozone would have a price and it would not be small. However, if Bulgaria does its job and shows political will to adopt the euro on January 1, 2024, the European institutions may compromise in the event that the country fails to fulfill the inflation criterion, Dimitar Radev said, quoted by “Capital”.
The base interest rate in the country is being reduced to 1.82% as of 1 August 2025, the Bulgarian National Bank (BNB) has announced. The reduction is by 0.09% compared to July, when it was 1.91%. The simple annual interest rate is being reduced..
The jury at the International Triennial of Stage Posters and the Ministry of Tourism awarded three equal prizes and 8 incentive prizes for tourist posters on the subject of “Bulgaria”. The jury, headed by Prof. Bozhidar Yonov, reviewed 144 posters..
President Rumen Radev expressed his appreciation of Great Britain’s support for Bulgaria in guarding the EU’s external borders. President Radev met with the British ambassador to Bulgaria Nathaniel Copsey, the Bulgarian news agency BTA reports...
Firefighting equipment should be purchased for the Air Force, where an organisation and crew are already in place , rather than for the Ministry of the..
The Council of Ministers has decided to grant a total of €460,176 in aid to families affected by the forest fires. 'Until now, they could apply for..
Members of Parliament have approved the confiscation of assets obtained through criminal activity, even when such assets are held or possessed by third..
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