The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service broadcaster BNT.
He recalled that the process started back in 2018, when Bulgaria took steps toward joining the Banking Union and the Exchange Rate Mechanism (ERM II). According to Petar Dilov, eurozone accession typically leads to an improvement in a country's credit rating.
Minister Dilov said that small and medium-sized businesses, including those in the tourism sector, are fully prepared and clearly understand the benefits of adopting the common currency.
Joining the euro area will bring predictability in monetary policy, which is a guarantee for economic stability, Minister Petar Dilov further said.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: BGNES-archive
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