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
There have been deliberate attempts to destabilize Bulgaria’s banking system and authorities are investigating the case, Interior Minister Tsvetlin Yovchev revealed.
“We are talking about an organized campaign, through the Internet and telephones, by sending SMS texts urging clients to pull out their savings. The goal is to create mass panic”, Yovchev said, quoted by Dnevnik.bg.
Shortly after Yovchev’s comments, the Governor of the Bulgarian National Bank (BNB) Ivan Iskrov confirmed that there have been attempts at destabilizing the banks, referring particularly to an attack on First Investment Bank. He assured clients that their savings will be safeguarded.
Minister Yovchev sent a clear message that the investigation will find the full truth behind these attacks, and those responsible would “bear the full weight of the law for such serious crimes”.
Both the Interior Minister and the Prime Minister Plamen Oresharski assured that the banking system in the country is stable.
Throughout the day, mass queues have been forming in front of First Investment Bank offices, as people rushed to pull out money.
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
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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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