Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The banks are ready for the euro, now politicians should make a move, BNB governor says

Dimitar Radev
Photo: BTA

A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with the “24 Chasa” newspaper, on the occasion of Banker’s Day marked on December 6. 

“Uncertainty will continue at least until the domestic political crisis is resolved and there is more clarity on the prospects for resolving external conflicts and their impact on trade and economic activity,” Radev said about the challenges in the sector. He pointed out that the BNB and the banking sector are ready for the introduction of the euro, but it is questionable whether politicians would support adopting the common currency. The banker added that the budget challenges can be solved through a successful outcome of the political crisis.



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

Bulgaria has met the Eurozone inflation standard in 2024

Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%.  Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..

published on 1/15/25 11:50 AM

Unions and businesses protest against hike in industrial electricity prices

Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..

published on 1/9/25 1:13 PM

Eurozone entry could bring benefits for Bulgarian businesses and economy

Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..

published on 1/8/25 11:37 AM