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

National Bank Governor: Eurozone membership is above all a political matter

.
Photo: BGNES

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”.




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

Statistics show Bulgarians live in good health longer than the average level in Europe

Bulgarians live in good health longer than most citizens of the European Union, according to Eurostat data. This country is more than 4 years ahead of the average levels in the EU at the backdrop of having the lowest life expectancy..

published on 9/28/24 3:05 PM
Lyudmila Petkova

Bulgaria risks losing 1 billion euros under the Recovery and Resilience Plan

This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the..

published on 9/28/24 12:53 PM
Council of Ministers

Bulgaria’s cabinet allocates 3.1 million euros for prevention of domestic violence

The caretaker government has adopted National Program for Prevention and Protection from Domestic Violence for the period 2024-2026 , the press service of the Council of Ministers reports. The planned measures will cost more..

published on 9/28/24 11:44 AM