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

Bulgarian National Bank, commercial banks work to make Bulgaria ready for the euro

Dimitar Radev, governor of the Bulgarian National Bank
Photo: BTA

On Banker's Day, December 6, the governor of the Bulgarian National Bank (BNB), Dimitar Radev, congratulated all those working in the  banks in the country. 

"The banking sector continues to be in a very strong condition and is a major factor in the implementation of the most important priorities for the country, including joining the Eurozone," Radev told BGNES. 

For the governor of the BNB, the capital adequacy, liquidity and profitability of the banks in Bulgaria is above the average level in the EU. 

In an interview with 24 Chasa daily, the chief banker stated that if he had not been sure of the country's real chances of entering the Eurozone, he would not have accepted a second term as the head of the BNB. "The stability of the Bulgarian leva is a function of the stability of our reserve currency (the euro). What will happen is that our reserve currency, the euro, will become the national currency," emphasizes Radev. For him, "inflation remains a problem" because of "not a good synchronization between the fiscal and monetary policies".



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

Vladimir Malinov

LNG terminal in Alexandroupolis is already contributing to competitiveness, says Bulgarian energy minister

The liquefied natural gas (LNG) terminal at Alexandroupolis, of which Bulgaria is co-shareholder, is already contributing to competitiveness in Greece and Bulgaria, but also in the entire region, said caretaker Energy Minister Vladimir Malinov after..

published on 10/9/24 11:45 AM

Japanese business delegation visits Sofia

At a meeting with the ambassador of Japan to Bulgaria Hisashi Michigami, Bulgarian President Rumen Radev welcomed the interest by the Japanese side in the investment and trade potential of Bulgaria. The meeting was attended by proprietors and..

published on 10/9/24 9:21 AM

Low taxes do not solve the state's budgetary problems: CITUB

Bulgaria is going to the sixth early parliamentary elections in less than 4 years, and this hinders the constructive debate and the ratification of an important convention prepared by the International Labor Organization (ILO) and accepted by 44 countries..

published on 10/7/24 2:30 PM