Bulgarian National Bank (BNB) Governor Dimitar Radev warned that the dynamics of the political processes in Bulgaria will determine whether Bulgaria will join the euro zone in January 2024. The adoption of 100 legislative texts is needed, including a law on the adoption of the euro.
"The whole process of joining the eurozone is very much a function of the political process. We have had a major change in this process since yesterday. So it is very important how this process will develop from now on. This could speed up or slow down the introduction of the euro in Bulgaria," said Dimitar Radev.
Because of the political events of last year the process was significantly delayed and now we have 18 months to complete it, he added during a joint meeting of the parliamentary committees on budget and finance and on European affairs. Both committees are discussing a draft law for approval of the national plan for the introduction of the euro.
Parliament has approved the introduction of enhanced price controls for a period of one year, starting on 8 August 2025. The measure was adopted at the second reading of the Law on the Adoption of the Euro in Bulgaria, BNR reporter Daniel Inkov..
The Council of Ministers has decided to grant a total of €460,176 in aid to families affected by the forest fires. 'Until now, they could apply for €978. 'We are now providing an additional €1,533 per family, bringing the total to approximately..
The government will submit a report to the National Assembly tomorrow detailing the readiness of each relevant ministry to procure specialised firefighting equipment, Prime Minister Rosen Zhelyazkov announced. He recalled that the previous..
On Saturday minimum temperatures will range between 15 and 23° C., for Sofia 15° C. During the day the weather will be predominantly sunny, cumulus..
Minister of Tourism Miroslav Borshosh has met with mayors from the Black Sea municipalities and the regional governor of Burgas to outline a common..
The base interest rate in the country is being reduced to 1.82% as of 1 August 2025, the Bulgarian National Bank (BNB) has announced. The reduction is..
+359 2 9336 661