Cabinet Moves Forward on Bulgaria’s OECD and Eurozone Integration Efforts
The Bulgarian government has adopted decisions related to the country’s accession to the eurozone and the Organization for Economic Cooperation and Development (OECD)
Finance Minister Vladislav Goranov met with the ambassadors of the eurozone countries and Denmark to present Bulgaria's progress in implementing measures to join the ERM II exchange rate mechanism and the banking union, the line ministry said.
The approval of the so-called a "waiting room" for the eurozone is expected in July, but in order to get it, a positive response from all the member states of the mechanism, namely the 19 countries that have introduced the euro, and Denmark, is a must.
By the middle of this year, additional measures will be taken to strengthen oversight in the banking and non-banking sectors.
This commitment has reasserted Finance Minister Vladislav Goranov to the ambassadors from the euro area countries and Denmark. More measures will be taken against money laundering.
Goranov has made a presentation of the country's macroeconomic indicators and has assured that Bulgaria will continue to pursue a prudent fiscal policy.
According to a recent survey by the European Investment Bank Group (EIB), nearly 80% of Bulgarian companies have taken steps to reduce their greenhouse gas emissions
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
The Black Sea region in Bulgaria is facing a serious labor shortage ahead of the summer season
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability