Text size

Bulgaria may ask for extraordinary report on joining the euro area

published on 6/4/24 4:46 PM

Metodi Metodiev

Photo: BTA

By mid-2025 Bulgaria will be ready for the Еuro area, the caretaker deputy finance minister Metodi Metodiev predicted before the financial forum in Sofia "The Noise of Money". In his words, by the end of 2024, the inflation criterion - the only one the country currently does not meet for the euro adoption - will be covered, allowing Bulgaria to request an extraordinary report.

Very soon the government will also vote on the euro law, said Metodiev, according to whom almost all reforms for Eurozone membership have been implemented.

By the end of May 2024, the treasury is expected to report a surplus of 50 million euros. At the end of April, the surplus stood at 250 million euros. The difference is due to one-off spending as well as retroactive salaries paid to employees, the finance ministry said.

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

Radio Bulgaria News euro Euro area Eurozone

More from category

Ramadan Atalay called for unity in DPS

Ramadan Atalay, an expelled MP from the Movement for Rights and Freedoms (DPS) group, has called on the party to remain united. He said this as he entered Parliament this morning, BNT reported. According to Atalay, the DPS has enough power to..

published on 7/4/24 10:01 AM

New party Velichie on the verge of collapse, says founder

The smallest political party in Parliament - Velichie - is on the verge of collapse, its founder Ivelin Mihaylov has warned, after the party's MPs voted unanimously against the government proposed by GERB. PP-DB reaffirms its refusal to support a..

published on 7/4/24 9:37 AM

Rain to move off, except for brief local showers in the south

On Thursday, clouds will break over the country. After midday there will be short showers with thunderstorms in the Rila-Rhodope area. Minimum temperatures will be between 15 and 23°C, 15°C in Sofia. Maximum temperatures will be between 25 and 30°C,..

published on 7/3/24 7:05 PM