Ex-Economy Minister: Bulgaria Unlikely to Enter Eurozone in Early 2025
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
Bulgaria's government allocated Monday extra budget payments of BGN 11.2 M to the Sofia Municipality and of BGN 10 M to the Defense Ministry.
The Sofia Municipality will use the money for building and reconstructing key road junctions and for a thorough overhaul of bridges and other facilities related to the development of transport and communications, according to the government's press office.
The sum of BGN 11.2 M will also go to adjacent infrastructure to the Sofia subway system, to the Lyulin highway, and to extensions of the Sofia ring road.
According to the government's media statements, the extra money has been earmarked for sites of national importance.
The sum of BGN 10 M allocated to the Defense Ministry will be used for a partial settlement of the debts of the Military Medical Academy in Sofia for supplies of pharmaceuticals.
The Sofia Municipality and the Defense Ministry will receive the extra payments as a result of a restructuring of expenses under the centralized budget 2012.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022