“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 Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast. In its March..
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
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