"Currently, Bulgaria is one of the few in the EU that unconditionally meets all nominal criteria for convergence to the eurozone, including the price stability criterion, with which we have had problems in recent years." This was what the Governor of the Bulgarian National Bank, Dimitar Radev, said at the opening of a conference dedicated to finance in Sofia.
He pointed out that geopolitical instability is among the main risks for the economy. "Increased fluctuations in the prices of key energy and non-energy raw materials affect the production costs of businesses and the disposable income of households," he added. In such a situation, it is very important to have buffers both in the banking system and in public finances. According to Radev, in this uncertain environment, the BNB will continue to implement a conservative supervisory and regulatory policy to ensure the sustainability of the banking system.
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