I hope that the authorities in Bulgaria will manage to bring inflation in the country to levels that meet the requirements for adopting the euro, the Executive Director of the International Monetary Fund for Bulgaria, Paul Hilbers, said for BNT.
''The agreement on the currency board has existed for more than 25 years. This is a very successful policy for the country. Bulgaria has shown that it can live with a currency that is quite stable in value relative to the major currencies”, said Paul Hilbers. "The Bulgarian currency was first pegged to the German mark and then to the euro. I think this was a sign of strength. This is a good achievement. On the other hand, there are a number of conditions related to Bulgaria’s acceptance to the Eurozone - in the field of inflation, fiscal policy, deficit and debt", Paul Hilbers noted. “I see the need for the government to maintain strict policies to ensure that it can meet the last requirements for your admission'', Paul Hilbers added.
Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial..
Mostly Cloudy
Partly Cloudy