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
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..
The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..
The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder
Partly Cloudy