Inflation Rises Slightly in Bulgaria, Falls Across the Eurozone
Inflation in Bulgaria recorded a slight uptick in May 2025
In a significant move toward Bulgaria's integration into the Eurozone, the European Commission (EC) has pledged support for the country's efforts to promote the adoption of the euro. Today, Deputy Prime Minister and Minister of Finance, Lyudmila Petkova, along with EC Executive Vice-President Valdis Dombrovskis and European Commissioner for Economy Paolo Gentiloni, signed a partnership agreement in Luxembourg during the EU finance ministers' meeting.
The agreement signals a crucial step in Bulgaria's journey toward full integration into the Eurozone, providing assurance to Bulgarian society of the support from European institutions. Petkova emphasized the significance of this partnership, highlighting that it sends a clear message of solidarity and assistance from the EC in Bulgaria's endeavors.
Under the partnership, Brussels will collaborate closely with Bulgarian authorities to implement an extensive information and communication campaign aimed at raising public awareness about the benefits and implications of adopting the euro. The EC will offer support for various communication activities as part of the national campaign, ensuring that Bulgarian citizens are well-informed about the transition process.
This initiative underscores the commitment of both Bulgaria and the European Commission to facilitate a smooth and informed transition to the euro. With the EC's backing, Bulgaria is poised to navigate the complexities of euro adoption and further align itself with the economic frameworks of the European Union.
As Bulgaria prepares for this significant transition, the partnership with the European Commission heralds a new chapter in the country's integration into the Eurozone, promising a brighter economic future and enhanced stability within the European Union.
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
E-signatures have transformed document signing, offering many benefits over traditional paper signatures.
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