Finance Minister: Bulgaria will adopt the Euro on January 1 2024
“Bulgaria will adopt the euro on January 1, 2024, as decided by the previous government.” This was announced by Deputy Prime Minister and Minister of Finance Asen Vassilev and Minister of Innovation Daniel Lorer.
The plan for adopting the euro remains the same as announced by the Bulgarian National Bank and the Ministry of Finance in June last year. It provides for the adoption of the euro immediately without a transition period.
"There are two or three deadlines in this plan, but nothing else has been changed in this plan from June 30 last year. Absolutely all citizens, not only MPs, had almost a year to get acquainted with this plan," said Asen Vassilev.
The most important date in the plan remains, namely - Bulgaria's entry into the Eurozone.
"In general, the political message from us is that the date of January 1, 2024 is supported by all, the technical part is worked by both by the Ministry of Finance and by all concerned. Because the process itself concerns everyone who shops, but for the state itself it is a very important process," said Daniel Lorer.
The Minister of Innovation advised Bulgarian politicians to hurry up with the final adoption of the plan after preparing the currently required analyzes.
"My message to all people in the Bulgarian Parliament and especially to the coalition partners is to show exceptional responsibility for this process so that it can take place as quickly as possible - January 1, 2024 is coming very soon and we have a lot of technical work ahead of us." , added Laurer.
Currently, Bulgaria does not meet and falls within the exceptions of the Maastricht criteria for adopting the euro, due to the covid pandemic. Our country is in the "waiting room of the Eurozone", as they call the currency mechanism ERM 2. There is no period in which it can stay there.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/BNT
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's GDP Shows Modest Growth in Early 2024
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
Bulgarian Banker: No One Enters the Eurozone in the Middle of the Year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
Bulgaria Will Not Fulfill the Criteria for the Euro by the June Report
According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June
Bulgarian National Bank Initiates Trial Minting of 8 Million Euro Coins
The Bulgarian National Bank (BNB) has initiated a trial minting process for 8 million euro coins, as announced by BNB Governor Dimitar Radev during a conference on the euro's introduction
Eurozone Doubt: Nearly Half of Bulgarians Skeptical of Standard of Living Impact
A recent national survey conducted by the Market Links agency reveals that nearly half of Bulgarians, constituting 47% of respondents, hold reservations regarding the anticipated benefits of Bulgaria's adoption of the euro
Is Bulgaria Ready to Join the Eurozone?
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness