It is unlikely that Bulgaria will adopt the euro by 2025

published on 5/21/23 11:10 AM

Photo: Archive

Higher inflation compared to the average values for the European Union and low growth rates - this is predicted by the macroeconomic forecast for Bulgaria until 2025 of the Institute for Economic Research of the Bulgarian Academy of Sciences.

According to the forecast, it is unlikely that Bulgaria meet the criterion of the Maastricht Treaty, on which Bulgaria's joining the eurozone by 2025 depends. High energy prices internationally and the war in Ukraine are the reasons cited for this.

Economists predict that the real growth of the gross domestic product will decrease to around 1.7% this year, and that it will exceed BGN 200 billion (EUR 102 billion) in the next year.

The forecast for economic growth varies between 3% and 3.5% per year.

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

Radio Bulgaria Economy economic forecast economic growth Eurozone high energy prices Institute for Economic Research Maastricht Treaty

More from category

Tsveti and her buffaloes of the Bulgarian Murrah breed

She is beautiful, young and educated and has the qualities for a successful career on the catwalk or in the advertising business! But she chose to raise buffaloes in a Bulgarian village. Tsvetelina Nedkova graduated with honors from..

published on 4/16/24 3:06 PM

Kristalina Georgieva: Chance to enter the Eurozone should not be missed

Progressive income taxation allows a country's resources to be shared more successfully with society. The 10% flat tax has played its role in shedding light on incomes, but it's time to replace it, Kristalina Georgieva, managing..

published on 4/16/24 11:54 AM

Caretaker cabinet continues Bulgaria's course towards the Eurozone

"I have tried to get experts into the government, to achieve continuity and the cabinet to be politically balanced," caretaker Prime Minister Dimitar Glavchev said when presenting the composition of the already active caretaker cabinet to the President...

published on 4/15/24 12:20 PM