Text size

BNB: Bulgaria's adoption of the euro in 2025 is realistic

published on 5/14/24 1:35 PM

Photo: BGNES

Bulgaria will not be able to meet all the criteria for joining the euro area by the time the convergence report is published in June, Bulgarian National Bank (BNB) governor Dimitar Radev said at a conference on euro adoption in Sofia.

"The main reason for the delay is the political crisis," Radev stated.

The BNB and the financial sector will be fully prepared by the end of the year, but this is not enough in technical and logistical terms, Radev said. "A number of mainly information accounting systems, under the control of the executive and municipalities, need to be made ready to work in the eurozone environment," he explained.

Mr Radev called for the adoption as soon as possible of the law on the introduction of the euro, which would give clear signals and guarantees to businesses and households about what was to come.

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

Radio Bulgaria News bnb dimitar radev euro problems prognosis

More from category

International Fair Plovdiv hosts EU food safety conference

In Plovdiv, experts discuss issues of the food industry, in accordance with the most up-to-date requirements of the Bulgarian and European regulatory framework. The Union of Food Industry is the organizer of the 14th National Scientific and Practical..

published on 2/21/25 9:01 AM

Freezing temperatures expected in most regions of Bulgaria on Friday

On Friday, the minimum temperatures in Bulgaria will be between - 20°C and - 5°C. In Sofia, it will be around minus 13°C. During the day, it will be mostly sunny. There will be a weak, in the eastern regions to moderate wind from the..

published on 2/20/25 7:35 PM

Hackers claim they have data from the Supreme Administrative Court

Hacker group Ransomhouse announced on its website that it has data leaked from the information systems of the Supreme Administrative Court. As evidence, documents with lists of names and personal data of employees, as well as various documents have..

published on 2/20/25 6:38 PM