''The loss from Bulgaria's delayed membership in the Eurozone and Schengen is between 4% and 5% of the country's GDP'', Bulgaria’s Minister of Finance Assen Vassilev said in an interview for Nova TV. ''The business loses between EUR 250 million and EUR 500 million just from currency conversion. Separately, delaying eurozone membership leads to higher interest rates and less investment'', Minister Vassilev said.
The losses stemming from Bulgaria’s delayed membership in Schengen are also huge, Minister Vassilev said with regard to the government’s draft decree, according to which Bulgaria should include in an official document the date January 1, 2025, as a target date for adopting the euro. Assen Vassilev said that this act is necessary, because the caretaker cabinet had not written down the date January 1, 2024, as the target date for Eurozone membership, and because it had drafted a budget with a 6.4% deficit.
As of August 8, 2025, the mandatory indication of prices for all goods and services in Bulgaria in two currencies – in Bulgarian leva and in euros – has been in effect. This obligation will remain valid for traders for a period of one year – until..
As of January 1, 2026, the minimum monthly wage should be 1,213 BGN (EUR 620.2), up from the current 1,077 BGN (EUR 550.66), said Luboslav Kostov, Chief Economist at the Confederation of Independent Trade Unions in Bulgaria (CITUB), in an interview..
Inflation in the EU in July reached 2.4% on an annual basis , according to Eurostat data. Regarding Bulgaria, European statistics report an increase in inflation to 3.4% in July this year compared to the same month last year. According to this..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer..
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