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.
The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and..
2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of..
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