BNB: Bulgaria Must Join the Eurozone As Soon As Possible To Avoid the Losses of Billions
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
The Bulgarian National Bank (BNB) has lowered Bulgaria's base interest rate by 0,43 percentage points bringing it to its lowest level since January 2007.
Thus, starting March 1, 2009, Bulgaria's base interest rate will be 3,49%, which is a 1,68 percentage points drop since the beginning of the year when it stood at 5,17%.
In December 2008, Bulgaria's base interest rate reached its highest value in ten years - 5,77%.
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The international rating agency Standard & Poor's has reaffirmed Bulgaria's long-term and short-term credit rating at 'BBB/A-2' in both foreign and local currency
Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
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