Bulgaria will meet the price stability criterion for joining the eurozone without the need for subjective calculations, said the Institute for Market Economics (IME), which refers to inflation data in recent months.
Following a positive assessment of the medium-term fiscal program and official figures showing a deficit amounting to 3% of the GDP for 2024, the country is expected to receive a positive assessment in the upcoming convergence report, the experts note.
According to the IME’s analysis, the average annual inflation in Bulgaria remained at 2.7% in April, staying within the upper limit of the 2.8% criterion. Economists therefore expect a positive outcome in the June report and a euro adoption date of January 1, 2026. The eurozone’s financial rules and the need to maintain fiscal discipline may become a challenge for Bulgaria after adopting the common European currency, warned IME’s economist Petar Ganev.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: BGNES
Bulgaria recorded the second-highest annual house price growth in the European Union in the first quarter of 2025, according to Eurostat data released this week. A 100 square meter apartment in Bulgaria costs 199 average monthly salaries Property..
Bulgaria’s Minister of Finance Temenuzhka Petkova announced that Bulgaria is expected to meet the eurozone's price stability criterion again in June. According to Minister Petkova, monthly inflation for June was 0.4% compared to May, when inflation was..
With record interest, Bulgaria's Ministry of Finance has successfully placed debt on international capital markets, the institution announced. Two tranches of bonds in euros were sold. The 10-year bonds were for 2 billion euros with an annual interest..
Bulgaria recorded the second-highest annual house price growth in the European Union in the first quarter of 2025, according to Eurostat data released this..
Partly Cloudy
Mostly Cloudy
Clear
Partly cloudy, chance of rain