Text size

Eurogroup encourages Bulgaria to continue on its Euro adoption path

published on 7/16/24 11:00 AM

Photo: Archive

Eurozone finance ministers discussed the implementation of the requirements for the introduction of the European single currency in Bulgaria, Eurogroup President Paschal Donohoe said after a meeting in Brussels, BTA reports. He pointed out that according to the EU, Bulgaria meets all the requirements except for price stability.

Sofia has made good progress and we encourage it to continue with its efforts to reform and adopt the euro. This will happen after achieving sustainable convergence with the euro area, Donohoe explained.

EU economy commissioner Paolo Gentiloni said the Commission acknowledged progress on most of the requirements in the country, but expected improvements in the governance of Bulgarian state-owned companies.

Caretaker deputy prime minister and finance minister Lyudmila Petkova said that the law on the introduction of the euro has been submitted to parliament and hopes for its adoption soon.

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

Radio Bulgaria News euro euro adoption introduction of the euro Paolo Gentiloni Paschal Donohoe

More from category

Head of the National Statistical Institute does not rule out inflation rise

Possible inflation rise due to the higher price of bread and electricity – this is what the President of the National Statistical Institute, Atanas Atanasov, predicted in an interview with BTA. "In the first days of the year..

published on 1/12/25 12:23 PM

Military convoys will pass through the country to take part in large-scale NATO exercise

Starting today until Tuesday, military convoys will move through the country to participate in NATO’s Steadfast Dart 2025 exercise on the territory of Romania. The alliance is expected to deploy 10,000 soldiers on its eastern flank..

published on 1/12/25 11:09 AM

Sofia Municipality provides “Big Brother/Sister” to children in social institutions

A program of the Sofia Municipality called “Big Brother/Sister” will provide support, friendship and inspiration to children in family-type accommodation centers, the municipal administration announced. “With a little..

published on 1/12/25 9:55 AM