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Bulgaria may ask for extraordinary report on joining the euro area

published on 6/4/24 4:46 PM

Metodi Metodiev

Photo: BTA

By mid-2025 Bulgaria will be ready for the Еuro area, the caretaker deputy finance minister Metodi Metodiev predicted before the financial forum in Sofia "The Noise of Money". In his words, by the end of 2024, the inflation criterion - the only one the country currently does not meet for the euro adoption - will be covered, allowing Bulgaria to request an extraordinary report.

Very soon the government will also vote on the euro law, said Metodiev, according to whom almost all reforms for Eurozone membership have been implemented.

By the end of May 2024, the treasury is expected to report a surplus of 50 million euros. At the end of April, the surplus stood at 250 million euros. The difference is due to one-off spending as well as retroactive salaries paid to employees, the finance ministry said.

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