Bulgaria's Tourism Struggles to Diversify Beyond Traditional Offerings
Bulgaria continues to lag behind neighboring countries in achieving significant growth in its tourism sector
Bulgaria's Finance Minister, Assen Vassilev, asserts that Bulgaria can attain Eurozone membership by 2025, with the caretaker government capable of steering the nation towards this goal. In a recent interview on Nova TV, Vassilev highlighted the European Commission's acknowledgment of Bulgaria's progress, signaling that meeting inflation criteria is the final hurdle before initiating the accession process.
Moreover, Vassilev addressed Bulgaria's partial Schengen membership, noting the lifting of air and sea border controls while land border issues persist. Discussions with Austria regarding land borders are ongoing, with Vassilev expressing confidence that the caretaker government can navigate these negotiations without significant election-related delays. He anticipates a decision on land border controls by the end of 2024, paving the way for their removal in 2025.
The Finance Minister also weighed in on Bulgaria's interior ministry, advocating for leadership changes to address concerns of vote manipulation and election rigging. He commended former Interior Minister Boyko Rashkov for his efforts in combating electoral malpractice but criticized current Minister Kalin Stoyanov's performance in this regard. However, decisions regarding ministerial appointments lie with Prime Minister-designate Dimitar Glavchev and President Rumen Radev.
Additionally, Vassilev revealed insights from a recent meeting with Boyko Borissov, leader of the GERB party, discussing the need for transparency in regulatory authority recruitments. Despite tensions, the meeting was characterized by frank dialogue, with Vassilev urging GERB to renounce unfair competition practices.
Bulgarians may begin exchanging their lev for euros if the upcoming convergence report
In July, Bulgaria’s eurozone entry plans will be definitively clarified
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
Bulgaria is in a very strong initial position to join the eurozone
Finance Minister Temenuzhka Petkova has stated that Bulgaria is ready to join the eurozone
The international rating agency Fitch has reaffirmed Bulgaria’s long-term credit rating at 'BBB' with a positive outlook
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase