Podcast in English
Text size
Bulgarian National Radio © 2026 All Rights Reserved

The caretaker government continues to work for Bulgaria's accession to the euro area

Rositsa Velkova
Photo: BGNES

Raising the minimum wage from EUR 363 to EUR 435 is a very high increase, interim Finance Minister Rositsa Velkova told BNR. She exlained that a rise of 5 euros leads to a budget deficit of 25.5 million euros. There should be an increase, but not like this, Ms. Velkova said, reiterating that the caretaker government has no right to submit a state budget to parliament. 

Bulgaria meets the debt and deficit requirements well, although they are currently derogated, interim Deputy Prime Minister Atanas Pekanov told BNT. Although inflation is slightly higher, the country is coping well with the criteria for the introduction of the euro. The work to enter the eurozone on January 1, 2024, is ongoing, Pekanov said.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

U.S. State Department report analyzes the Bulgarian economy

Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..

published on 10/1/25 10:11 AM

Bulgaria sees higher demand than supply of jobs

Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..

published on 9/30/25 12:26 PM

Is raising taxes inevitable if we want to fix the budget?

At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..

updated on 9/26/25 1:02 PM