Text size

Bulgaria to request euro area convergence report once criteria are met

published on 1/31/25 3:07 PM

Temenuzhka Perkova

Photo: BTA

Bulgaria will not yet request an extraordinary convergence report - a key step towards joining the eurozone. This was announced by Finance Minister Temenuzhka Petkova from the rostrum in Parliament.

She said that during her meetings with the EU Commissioner for Finance, the President of the Eurogroup and the President of the European Central Bank, she had received signals that Bulgaria would have to meet all the criteria before joining the the eurozone.

Ruling majority concerned whether it would be able to achieve 3% budget deficit

Petkova noted that as of December 2024, Bulgaria's inflation rate was 0.1 per cent above the reference value. "Of course, we will ask for a convergence report as soon as possible, but first we have to meet the necessary criteria," she stressed.

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

Radio Bulgaria News convergence report eurozone parliament temenuzhka petkova

More from category

EBRD to establish a technology center in Bulgaria focused on AI

The European Bank for Reconstruction and Development (EBRD) will open a technology center in Bulgaria focused on emerging technologies such as Big Data , artificial intelligence, cybersecurity, and cloud services. This becomes possible after the..

published on 11/19/25 4:58 PM

Numerous violations along Bulgarian Black Sea Coast found in inspections after the deadly floods

Violations were found in 27% of the inspected sections along the Black Sea coast , according to the control authorities of the Ministry of Environment and Water. Minister Manol Genov ordered the inspection following the October floods in the southern..

published on 11/19/25 4:46 PM

President Rumen Radev again calls for a referendum on the introduction of the euro

With 128 votes in favour, the governing majority in Parliament and three independent MPs rejected the president’s veto on the Law on Defence and the Armed Forces. The amendments expand the possibilities for declaring a state of emergency and..

published on 11/19/25 1:00 PM