Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

IMF head: It is realistic that Bulgaria will enter the Eurozone in 2025

Кристалина Георгиева
Photo: BTA

I would not insist on a date, the important thing is that in 2025 Bulgaria will be in the Eurozone and that is realistic. This is how Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), responded at a briefing in Sofia. 

We know that for Bulgaria entering the Eurozone is a legitimate priority. It will improve competitiveness, reduce transaction costs in trade and finance, and be more attractive for investments, Georgieva said. 

She believes that there are good conditions for the country to meet the requirements for the Eurozone by the end of the year. But the IMF recommends the Bulgarian government to be careful about the movement of prices, because inflation is a tax on people's incomes and affects the poor especially hard, reports BTA.

In response to a question about how the country's economy looks, Georgieva commented that, with the exception of inflation, Bulgaria looks good in the world and has managed to maintain growth. Inflation came from the two successive shocks - the pandemic that hit the world economy and the war in Ukraine, which for Europe, including Bulgaria, remains a significant factor, explained Georgieva.



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

“Trend”: Forty-three per cent of Bulgarians have not read a single book in the last year

The majority of Bulgarians (83%) consider reading books to be important. However, according to a survey conducted by the sociological agency Trend on behalf of 24 Hours between 12 and 18 May 2025, four out of ten people (43%) admit that they have not..

published on 5/24/25 10:57 AM

Parades and celebrations for May 24 across the country

Today, parades and celebrations marking 24 May — the Day of Saints Cyril and Methodius, the Bulgarian alphabet, education, culture and Slavic literature — are taking place across Bulgaria. In Sofia, the procession begins at 10:30am and will..

published on 5/24/25 10:09 AM

Expect poor weather over the holiday

On Saturday, powerful cumuliform rain clouds will develop over western and southern Bulgaria , and in many places there will be short-lived and significant rainfall. The eastern regions will experience less intense processes. Maximum temperatures in..

published on 5/23/25 7:05 PM