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
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
In the second quarter of the year, the average salary increased by 12% year over year, reaching €1,315.04. Borislav Gutsanov, the Minister of Labor and Social Policy, announced this information after today's meeting of the National Council for..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget...
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" -..
Partly Cloudy
Clear