Bulgaria’s Euro Transition: Opportunity for Growth Shadowed by Debt and Spending Concerns
Bulgaria is poised for a likely credit rating upgrade in the coming weeks, driven by its impending adoption of the euro
The Alternative for Bulgarian Revival (ABV) is demanding Finance Minister Vladislav Goranov's resignation, the party's deputy chair Rumen Petkov has said.
Petkov told private TV station NOVA that the reason has been the uncertainty around BGN 16 B of new debt which Goranov is convinced Bulgaria will need in the course of the next three years to finance its deficits and payments of foreign debt.
Parliament overwhelmingly approved the move on Wednesday, and ABV also voted yes, prompting its leader President (2002-2011) Georgi Parvanov to announce he would resign.
But Petkov said on Thursday the party could not accept his resignation.
He also told NOVA TV on Saturday that a "promise" of Goranov, under which the cabinet would seek a BGN 2 B reduction of the debt if Parliament ratifies it, has not been included in the final version of the ratification.
A number of parties in Parliament that had fervently opposed the deal changed their stance after the minister made his promise. ABV, which has a minister in the government, was among them.
On Thursday Parvanov said they had approved the deal "due to a lack of communication", since he had been and still was firmly against it.
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria - evroto.bg
The Bulgarian National Bank (BNB) is launching the minting of Bulgarian euro coins this week
Gold has always had an allure that goes far beyond its shine.
Former Finance Minister Vladislav Goranov expressed confidence that Bulgaria’s transition to the euro is now irreversible
Bulgaria’s economy in 2025 continues to demonstrate a stable performance, largely driven by household consumption and wage increases
On July 1, Bulgaria marks the final anniversary of its currency board arrangement, a system in place for 28 years that is set to conclude with the country’s anticipated entry into the eurozone on January 1, 2026
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe