Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Dimitar Radev: The political crisis has delayed Bulgaria's entry into the Eurozone

Dimitar Radev, BNR governor
Photo: BGNES

The political crisis is at the root of the delay in Bulgaria's accession to the Eurozone. This was stated by the governor of the Bulgarian National Bank, Dimitar Radev, in his first public appearance, after it became clear that the target date - January 1, 2024, cannot be achieved, and entry into the currency union will be delayed by at least a year due to high inflation and the non-acceptance of several laws. 
With the formation of the 49th National Assembly, the caretaker cabinet will once again introduce the necessary bills in order to move Bulgaria forward on the path of the euro, stated the caretaker Minister of Finance Rositza Velkova-Zheleva.

"We hope that Bulgaria will become the 21st country to join the euro area, cementing its membership of the European family and securing its place at the core of the European process," said Valdis Dombrovskis, EC Executive Vice President, today at the "Bulgaria towards the euro" conference taking place in Sofia. 
The adoption of the euro helps promote foreign and domestic investment, leading to higher economic growth and more jobs, Dombrovskis 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

Kiril Petkov

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