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Bulgaria PM Sergey Stanishev. Photo by BGNES
Bulgaria PM Sergey Stanishev has stated that the country is one of the only new members of the EU that has coped with the global financial crisis.
Stanishev spoke after meeting with the European Central Bank (ECB) governor Jean-Claude Trichet, who is on a visit in Sofia to mark the 130th anniversary since the establishment of the Bulgarian National Bank (BNB). The Bank chairman Ivan Iskrov also attended the meeting Saturday.
He said that he was proud with how Bulgaria had coped with the financial crisis by using its own resources and by not turning to the IMF for help.
Stanishev concluded by stating that Bulgaria is on course to join the eurozone and will do so when it is fully ready, he also added that the country's currency board will remain pegged to the Euro until that time.
Trichet said Friday that Bulgaria should be cautious about joining the eurozone, stating that it is crucial that all requirements are met first.
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
The introduction of the euro in Bulgaria has so far produced only a limited and largely one-off effect on consumer prices, according to an analysis by the European Central Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Nikolay Vassilev, former Minister of Economy, dismissed claims that prices in Bulgaria have doubled following eurozone-related developments, arguing instead that inflation remains low and that public fears about sharp price increases are exaggerated.
The Bulgarian real estate market is showing signs of cooling in early 2026, with experts reporting a slowdown in transactions and a shift toward more balanced conditions between buyers and sellers
The Bulgarian National Bank reported that by March 27, 2026, the transition from the lev to the euro is progressing in line with the established legal framework and previously approved operational plans.
EU countries will each have to secure guarantees worth billions of euros for the loan to Ukraine funded by frozen Russian assets, Politico’s Brussels edition reports.
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
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