Text size

Bulgaria may join the euro zone in 2024, but needs to change its laws

published on 6/2/22 5:35 PM

Assen Vassilev

Photo: BGNES

The state budget update will be submitted to parliament next week, Finance Minister Assen Vassilev said in parliament.

He affirmed that according to Brussels' assessment, the euro could be adopted in Bulgaria by early 2024, but that the country needs to amend more than 100 laws, including the Bulgarian National Bank law, in order to synchronise them with eurozone legislation.

The second important condition is to meet the inflation criteria. Vassilev pointed out that inflation in Bulgaria is moving ahead of other EU countries because energy and food, which are experiencing serious price increases, have a larger share in the consumer basket than in other European countries.

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

Radio Bulgaria News 2024 Bulgaria euro zone

More from category

PP-DB will vote for Speaker of the Parliament after a signature under their declaration

PP-DB will not support a candidate for Speaker of the 51st Parliament from any party that has not supported the coalition's declaration for a cordon sanitaire against Delyan Peevski. They pointed out that this was the only way to..

published on 11/29/24 4:22 PM

Trial of Bulgarians accused for spying for Russia continues in London

The trial of six Bulgarians accused of spying for Russia continues in the United Kingdom. The head of the "spy cell" Orlin Rusev and Biser Dzhambazov pleaded guilty. Three others - Katrin Ivanova, Vanya Gaberova and Tihomir..

published on 11/29/24 3:40 PM

Eighth failure of the parliament to elect speaker

Today's eighth attempt by the Bulgarian MPs to elect a speaker of the National Assembly also proved unsuccessful. At the beginning of the day, there was a ray of hope that this time the people's representatives would reach a..

published on 11/29/24 2:49 PM