Expert: Eurozone Integration Could Drive Bulgaria’s Economic Growth and Investment
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
‘’Accession to the Eurozone remains top priority for Bulgaria’’, Finance Minister Vladislav Goranov said at a conference for the 25th anniversary of the Association of Commercial Banks in Bulgaria, according to BNR.
‘’I heard an interesting announcement from Commissioner Moscovici that an unconventional proposal to the countries outside the Eurozone was in the pipeline. I am looking forward to it with interest, because Bulgaria is one of the countries outside the Eurozone. We are convinced that this is the only natural course of the Bulgarian monetary policy’’, he pointed out.
Vladislav Goranov confirmed that from 15 September teachers will receive a pay rise. After that a new method will be used to evaluate the results of their work.
Bulgarian National Bank Governor Dimitar Radev also confirmed accession to the Eurozone as an ultimate goal but added that before that there were tasks that Bulgaria should reform.
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
The Organization for Economic Co-operation and Development (OECD) has projected that Bulgaria will join the eurozone in 2026
Bulgarians allocate a significant portion of their savings to deposits, with 73% of their assets held in this form
Bulgaria's Acting Finance Minister Lyudmila Petkova stated that discussions are ongoing regarding the payment of a 100 leva (50 euros) Christmas supplement to pensioners
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