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

Protest in Sofia demands punishment for perpetrators of road crimes

One more protest by friends and relatives of people who lost their lives in road accidents took place in front of the Central Courthouse in Sofia, and then moved to the space in front of parliament building. Parents of children killed in..

published on 11/15/24 11:10 AM

Freight traffic suspended between Bulgaria and Türkiye for 12 hours for technical reasons

From 9 PM on 16 November until 7 AM on 17 November, the Turkish customs administration is suspending the processing of freight carrying vehicles at the border check points with Bulgaria at Lesovo and Kapitan Andreevo for the implementation of the new..

published on 11/15/24 9:56 AM

Greece and Türkiye are cooperating with Bulgaria to combat migrant trafficking

Greece’s Minister of Migration and Asylum Nikolaos Panagiotopoulos and Türkiye’s Minister of Intyerior Ali Yerlikaya held a bilateral meeting in the Hungarian capital during the Budapest process, the Bulgarian news agency BTA reports...

published on 11/15/24 9:23 AM