Bulgarian Minister: The Introduction of the Euro will Not Increase Inflation

Business » FINANCE | September 4, 2022, Sunday // 16:23
Bulgaria: Bulgarian Minister: The Introduction of the Euro will Not Increase Inflation @BNR

The adoption of the euro will not increase inflation further”. This was stated by Deputy Prime Minister Atanas Pekanov on the air of BNT.

He noted that the euro is stronger than 10 years ago when we could have seen turmoil. “We don't have that at the moment. We adopted measures to calm the markets. Institutionally, the euro is stronger”, Pekanov stressed.

In connection with the bill for the introduction of the euro, the deputy prime minister stated that the official cabinet should work actively on the technical processes.

Entry into the Eurozone is a political matter that must be decided by a regular cabinet and accordingly this cabinet should submit the request on January 1, 2024. The official cabinet must continue with the procedure and preparations for the introduction of the euro within the specified period, with support of a regular cabinet. This includes preparatory measures to protect consumers so that during the transition period no shocks occur - people to not be at risk of being financially harmed”, Pekanov said.

The accession of our country to the Schengen area is also a priority topic of the official cabinet, the Deputy Prime Minister also noted. “This week we received many positive signals from the speech of German Chancellor Olaf Scholz in Prague. He said that he thought that Bulgaria, Romania and Croatia met the criteria and accordingly supported our entry into the Schengen area”, explained Pekanov.

Regarding the transition to the new program period of the European funds, Pekanov announced that the funds for the construction of the "Struma" highway will not be returned, while the government is working with the EC to set up a working group to determine the conditions for the transition from one to the next program period.

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg

/OFFNews

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: euro, inflation, pekanov, Bulgaria
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria