Text size

The caretaker government continues to work for Bulgaria's accession to the euro area

published on 12/4/22 4:55 PM

Rositsa Velkova

Photo: BGNES

Raising the minimum wage from EUR 363 to EUR 435 is a very high increase, interim Finance Minister Rositsa Velkova told BNR. She exlained that a rise of 5 euros leads to a budget deficit of 25.5 million euros. There should be an increase, but not like this, Ms. Velkova said, reiterating that the caretaker government has no right to submit a state budget to parliament.

Bulgaria meets the debt and deficit requirements well, although they are currently derogated, interim Deputy Prime Minister Atanas Pekanov told BNT. Although inflation is slightly higher, the country is coping well with the criteria for the introduction of the euro. The work to enter the eurozone on January 1, 2024, is ongoing, Pekanov said.

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

Radio Bulgaria Economy criteria deficit eurozone

More from category

BNB tightens control over mortgage lending

The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate . The aim is to..

published on 5/21/24 8:53 AM

One out of 6.5 million Bulgarians are inactive

Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..

published on 5/20/24 3:08 PM

The total expenditure per household member in Q1 of 2024 averages EUR 1,290

The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..

published on 5/17/24 2:46 PM