Bulgaria Expects Boost in Winter Tourism with Increased Foreign Visitors
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion. Vassilev, present in the plenary hall, highlighted the significance of this milestone, emphasizing that Bulgaria has fulfilled its legislative program for Eurozone accession, a feat previously unaccomplished during the period of the GERB party's governance.
Vassilev outlined that the only remaining legislative hurdle is the adoption of the Law on the introduction of the euro, which is already undergoing public discussion. He emphasized that once Bulgaria satisfies the inflation criterion, the country will demand the necessary report, paving the way for its entry into the Eurozone.
"As soon as the inflation criterion is met, Bulgaria can enter the Eurozone," Vassilev stated unequivocally. He underscored the meticulous completion of the legislative framework required for Eurozone integration, positioning Bulgaria on the cusp of a significant economic milestone.
The Minister's remarks shed light on Bulgaria's progress towards Eurozone accession, marking a notable achievement in the country's economic trajectory. As Bulgaria inches closer to joining the Eurozone, anticipation mounts for the final steps needed to solidify its position within the European monetary union.
Thousands of Bulgarian consumers who invested in the British company BETL have reported that the company has stopped paying daily dividends and appears to have ceased its operations.
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
The Organization for Economic Co-operation and Development (OECD) has projected that Bulgaria will join the eurozone in 2026
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