“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the Bulgarian National Bank said in an interview with public service TV BNT, and added that politicians are currently taking advantage of the fact people are not financially literate to make them afraid of the adoption of the Euro. The country’s financial system is stable and is ready for the adoption of the euro. The lack of a targeted economic policy and the rising prices in the country are much more dangerous for people’s money, he said further. People’s savings are going to be affected by inflation more than by the Eurozone. If we want to have price stability, then the fiscal and the monetary policy must be going in the same direction, Lyubomir Karimansky stated.
The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by the Bulgarian National Bank - BNB, the main factors for the acceleration are the decrease in imports..
For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..
Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget...
Partly Cloudy