Euro Adoption in Bulgaria: Retail Chain Leads the Way with Dual Pricing
Preparations for Bulgaria’s entry into the eurozone are well underway, despite the exact timeline remaining uncertain
SOFIA (Bulgaria), August 8 (SeeNews) - The value of Bulgarian banks' outstanding loans to the non-government sector rose 5.9% on the year to 53.3 billion levs ($31.6 billion/27.3 billion euro) at the end of June, from 4.0% annual growth at the end of the previous quarter, Bulgarian National Bank (BNB) data showed on Wednesday.
The number of loans provided by Bulgarian banks to the non-government sector stood at 3.04 million at end-June, up by an annual 10%, BNB said in a statement.
Outstanding loans to non-financial corporations totalled 32.25 billion levs at the end of June, while loans to households and non-profit institutions, serving households amounted to 21.03 billion levs
Preparations for Bulgaria’s entry into the eurozone are well underway, despite the exact timeline remaining uncertain
Bulgaria is on the verge of meeting the inflation criterion
The European Bank for Reconstruction and Development (EBRD) has significantly increased its investments in Bulgaria for 2024
Bulgaria is expected to request extraordinary convergence reports from the European Commission and the European Central Bank for eurozone entry
Bulgaria has met the inflation criterion required for entry into the Eurozone, with an average annual inflation rate of 2.6% over the last 12 months
Bulgaria's National Statistical Institute has reported that inflation for 2024 stands at 2.2%, a slight increase from the previous year
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