Bulgaria has been assessed on its merits for meeting the Maastricht convergence criteria, which shows the similarity of the Bulgarian economy with the European Union's requirements for sustainability and stability, Prime Minister Rosen Zhelyazkov said at a press conference at the Council of Ministers after a meeting with European Commissioner for Economy and Productivity, Valdis Dombrovskis, BTA reported.
The decision to lift the derogation, which has existed since the entry into force of the Treaty of Bulgaria’s Accession to the EU, is expected in July, so that we can introduce the euro on January 1, 2026, the Prime Minister also said. According to him, this does not mean that Bulgaria is abandoning its national currency. "On the contrary - it is joining the common European currency, but above all the Bulgarian economy and Bulgarian finances are sustainable and are approaching the European criteria for stability and sustainability as much as possible."
Valdis Dombrovskis said that this country meets the four important conditions for joining the eurozone, BGNES has reported. “Joining the eurozone requires a lot of effort and compliance with rules, as well as commitment from the authorities,” he added.
According to the European Commissioner, Bulgaria’s economic growth has doubled since joining the EU and this shows the benefits of convergence and membership. “Bulgaria and the people should be proud of this achievement, but development should not stop. The euro will provide practical benefits for Bulgarian citizens and companies – we are already seeing the transformative impact on the country, as there are many positive signals for investors,” Valdis Dombrovskis added.
EP, ECB convergence reports greenlight Bulgaria's entry into the eurozone
Editor: Diana Tsankova
Publication in English: Al. Markov
Photo: BTA
The Bulgarian National Bank (BNB) will maintain its conservative monetary policy, central bank governor Dimitar Radev told Politico. I lead one of the more conservative central banks and we have no intention of changing this course, Radev was quoted as..
Between 50,000 and 70,000 foreign workers may be included in the Bulgarian labor market by the end of the year , according to estimates by the Ministry of Labor and Social Policy. This was announced by Minister Borislav Gutsanov before the relevant..
The transition and accession of Ukraine and Moldova to the EU are important because the largest Bulgarian national minority is located there, said Bulgarian Prime Minister Rosen Zhelyazkov in Odessa. He participated in the fourth Ukraine-Southeast..
Only 6% of Bulgarians lead a healthy lifestyle, according to a sociological survey conducted by the Research Center Trend, commissioned by the Health..
Bulgarian mother Mika Koleva and her children were forced to leave Northern Ireland after her home in Ballymena, County Antrim, was attacked by..
Bulgaria's Road Infrastructure Agency has announced that environmental activists have withdrawn their complaints and terminated the cases related to the..
+359 2 9336 661