State Bank Head: Bulgaria in Strong Position to Join Eurozone Amid Global Uncertainty
Bulgaria is in a very strong initial position to join the eurozone
Bulgaria’s Prime Minister Plamen Oresharski assured that the country’s banks are safe and there is no need for panic among citizens.
“The state has at its disposal the necessary instruments to safeguard the banking sector. Our cooperation with the Bulgarian National Bank (BNB) is stable and we will not allow citizens to lose their trust in the institutions”, Oresharski commented from Brussels.
Last week, Commercial Corporate Bank (KTB) was placed under BNB’s supervision.
The Prime Minister urged politicians not to escalate the situation by using rumors to gain benefits.
“It is not good to use the economic and banking issues for campaigning or political grounds”, Oresharski added.
In July, Bulgaria’s eurozone entry plans will be definitively clarified
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
Bulgaria is in a very strong initial position to join the eurozone
Finance Minister Temenuzhka Petkova has stated that Bulgaria is ready to join the eurozone
The international rating agency Fitch has reaffirmed Bulgaria’s long-term credit rating at 'BBB' with a positive outlook
A recent large-scale online survey conducted by Tavex, involving thousands of participants engaged in gold and currency trading, has revealed that every second Bulgarian is against the country adopting the euro
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