Weather In Bulgaria On March 29: Sunny Skies and Rising Temperatures Across The Country
Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
"Bulgaria is on the final stretch on the road to the Eurozone". This was stated by Iliya Lingorski from the BNB Board of Directors during a forum dedicated to the advantages for business and the economy of the adoption of the euro.
"By virtue of Bulgaria's membership in the European Banking Union and its key mechanisms - the Single Supervisory Mechanism and the Single Restructuring Mechanism - the Bulgarian National Bank (BNB) participates in making the most important decisions related to the supervision and restructuring of banks in the Eurozone, including banks in Bulgaria," Lingorski pointed out. The Bulgarian National Bank and the Ministry of Finance are working together on synchronizing the organizational, technical and regulatory activities for our country's accession to the common European currency, he added. The technical conditions are already met:
"Therefore, we are at the beginning of the road, we are at the final stretch and we are at an important and, I would say, perhaps the most difficult part of this road by joining our country to the European Banking Union and the Bulgarian Lev to the European Monetary Mechanism".
During the forum, the example of Croatia was also mentioned, which, after adopting the euro since the beginning of the year, has seen a growth in the Gross Domestic Product of 2.8% and a drop in inflation from 10% to 8%.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022