When Will Bulgaria Join the Eurozone? Our Readers Have Spoken
A recent survey conducted on our Facebook page has shed light on public sentiments regarding Bulgaria's potential accession to the Eurozone
The European Commission has approved an amendment to the Bulgarian Innovation and Competitiveness operational program, allowing the mobilization of EUR 511 million from the European Regional Development Fund and the Cohesion Fund to help the Bulgarian economy cope with the adverse effects of the Coronavirus crisis.
This financial support shall include gratuitous capital grants for micro, small and medium-sized enterprises, capital investments and loan guarantees.
Commissioner for Cohesion and Reform Elisa Ferreira said: "Bulgaria was one of the first Member States to benefit from the Investment Initiative in response to Coronavirus pandemic. These measures have a short-term crisis assistance objective, but Bulgaria will continue to benefit from additional EU support for economic recovery from the crisis.
The amendment of this program is possible thanks to the exceptional flexibility provided under the Coronavirus Response Investment Initiative (CRII) and the Coronavirus Plus Investment Initiative (CRII+), which allows Member States to use cohesion policy funding to support sectors most exposed to the pandemic, such as health, small and medium-sized enterprises and labor markets.
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Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
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