I hope that the authorities in Bulgaria will manage to bring inflation in the country to levels that meet the requirements for adopting the euro, the Executive Director of the International Monetary Fund for Bulgaria, Paul Hilbers, said for BNT.
''The agreement on the currency board has existed for more than 25 years. This is a very successful policy for the country. Bulgaria has shown that it can live with a currency that is quite stable in value relative to the major currencies”, said Paul Hilbers. "The Bulgarian currency was first pegged to the German mark and then to the euro. I think this was a sign of strength. This is a good achievement. On the other hand, there are a number of conditions related to Bulgaria’s acceptance to the Eurozone - in the field of inflation, fiscal policy, deficit and debt", Paul Hilbers noted. “I see the need for the government to maintain strict policies to ensure that it can meet the last requirements for your admission'', Paul Hilbers added.
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
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