Text size

Bulgaria can become part of the Eurozone in 2025, says IMF's Jean-Francois Dauphin

published on 3/19/24 4:32 PM

Jean-François Dauphin, head of the IMF mission

Photo: BTA

The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system. The fund's mission began on March 6 and ends today.

"Bulgaria's accession to the Eurozone in 2025 is realistic," said Dauphin. According to him, joining the euro will reduce some of the risks facing the Bulgarian economy. The fund's regular mission expects the Bulgarian economy to grow by 2.7% this year and inflation to be 3.5%.

Among the fund's long-term recommendations is the abolition of the maximum insurance threshold and the introduction of a progressive income tax scale.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Eurozone IMF International Monetary Fund Jean-François Dauphin

More from category

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..

published on 5/11/25 12:25 PM

Hope or fear: How Bulgarians view the introduction of the euro

The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..

published on 5/7/25 1:26 PM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 12 | Max: 24

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Tour operators and travel agents expect summer season hikes of 10% or less

The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic..

published on 5/21/25 1:33 PM

How will the adoption of the euro affect real estate prices in Bulgaria?

The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to..

published on 5/21/25 11:35 AM

Share