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
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
According to Eurostat estimates, price growth in the EU slowed down to 2.4% year-on-year in April 2025, compared to 2.5% in March. According to data..
Bulgarian President Rumen Radev extended an invitation to Japanese business to invest in Bulgaria . This happened during an economic forum in Tokyo..
At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product...
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain