Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026 at the earliest. In his assessment, he outlined the necessity of a well-functioning government and an effective information campaign to facilitate this transition.
Dyankov emphasized the existing challenges, noting that Bulgaria currently falls short in addressing inflation and lacks essential legislative frameworks, not only specific to the Eurozone but also pertaining to broader financial regulations. Furthermore, he highlighted Bulgaria's concerning status regarding money laundering, stressing the imperative for comprehensive reforms within both legal frameworks and institutional infrastructures.
Moreover, Dyankov highlighted the precarious nature of the majority support for joining the Eurozone, indicating that it hovers just above the 50% mark. He underlined the looming questions posed by both citizens and businesses regarding the implications of Eurozone accession, particularly concerning timing and subsequent adjustments.
Bulgaria will request a convergence report from the European Commission regarding its readiness to join the Eurozone once the country fulfills the price stability criterion
An Afghan man suspected of carrying out a knife attack in Aschaffenburg, southern Germany, which claimed the lives of two individuals and injured two others, had been slated for deportation to Bulgaria
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
The adoption of amendments to the Law on the Bulgarian National Bank (BNB), crucial for Bulgaria's entry into the eurozone, was unexpectedly blocked in parliament as the ruling GERB party withheld its support
The President of the European Parliament, Roberta Metsola, highlighted Bulgaria's progress toward adopting the euro as its primary currency, describing it as "one step away"
At the Sofia Economic Forum V, experts expressed strong support for Bulgaria's potential membership in the eurozone, predicting significant positive impacts on investor confidence
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