Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Deputy PM Pekanov: The introduction of the euro will reduce interest rates on loans

Atanas Pekanov
Photo: BGNES

With the adoption of the euro, Bulgaria will raise its credit rating and this will lead to a decrease in interest rates on loans, Acting Deputy Prime Minister for the Management of European Funds Atanas Pekanov told Nova TV, stressing that we are entering a cycle in which interest rates will rise. 

He added that if we achieve the national goal of adopting the European currency in 2024, we will be able to use all European instruments during crises, and Bulgaria's banking system will be more stable. 

In order for there to be no speculative activities in the commercial establishments, the regulatory authorities will have to be activated even before we enter the Eurozone, the Deputy Prime Minister also said. 

According to him, the date for the adoption of the euro remains realistic, but we have not yet met several criteria and inflation remains too high.



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

The second Bulgarian F-16 fighter jet is en route to Bulgaria

The second F-16 fighter jet is expected to arrive in Bulgaria within days, said Defense Minister Atanas Zapryanov during a lecture to students at the University of Library Studies and Information Technologies. PM Rosen Zhelyazkov: The first..

published on 4/29/25 10:15 AM

Polish businesses want new highways and bridges to connect Bulgaria with Romania

Bulgaria’s President Rumen Radev discussed ways to boost trade and investment between Bulgaria and Poland during a meeting with representatives of the Polish-Bulgarian Chamber of Commerce. On the first day of his visit to Warsaw, President..

published on 4/29/25 9:31 AM

Military units open their doors for the Day of the Bulgarian Army

Military units of the Land Forces will welcome visitors on the occasion of May 6 - the Day of Valour and the Day of the Bulgarian Army, the Ministry of Defence announced. Visitors will have the opportunity to see exhibitions of weapons, military..

published on 4/29/25 7:45 AM