Text size

Bulgarian legislation must adopt thе Eurozone rules

published on 6/10/20 2:18 PM

Valdis Dombrovskis

Photo: BGNES

The European Commission has presented a report on the progress of non-Eurozone countries towards the adoption of the euro. EC Vice President Valdis Dombrovskis said there was encouraging progress in some countries. He congratulated Croatia and Bulgaria on their preparations for joining the ERM II currency mechanism.

The document concludes that Bulgaria, Poland, Hungary, Croatia, the Czech Republic and Sweden meet the requirement for public finances and long-term interest rates. Croatia and Sweden meet the requirements for price stability. Yet the national legislation in none of those countries, with the exception of Croatia, is fully compatible with Eurozone rules, the report said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News currency ERM II euro European Commission Eurozone Valdis Dombrovskis

More from category

Bulgaria meets NATO's target of spending at least 2% of GDP on defense

In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark Rutte. For the first time, the country has met the NATO target set in 2014, which requires each..

published on 4/25/25 10:53 AM

A discussion on the reintroduction of religious education in Bulgarian schools was held in Sofia

A discussion on the potential reintroduction of religious education in Bulgarian schools was held at the National Palace of Culture in Sofia. The discussion was organized by the Ministry of Education and Science. Religions will be studied from a..

published on 4/25/25 9:29 AM

Bulgaria's Ambassador to the United States has resigned

Bulgaria’s Ambassador to the United States Georgi Panayotov has requested an early end to his term, the Ministry of Foreign Affairs announced. The reasons for his resignation were not specified. Ambassador Georgi Panayotov is a career diplomat..

published on 4/25/25 9:06 AM