Text size

Eurogroup encourages Bulgaria to continue on its Euro adoption path

published on 7/16/24 11:00 AM

Photo: Archive

Eurozone finance ministers discussed the implementation of the requirements for the introduction of the European single currency in Bulgaria, Eurogroup President Paschal Donohoe said after a meeting in Brussels, BTA reports. He pointed out that according to the EU, Bulgaria meets all the requirements except for price stability.

Sofia has made good progress and we encourage it to continue with its efforts to reform and adopt the euro. This will happen after achieving sustainable convergence with the euro area, Donohoe explained.

EU economy commissioner Paolo Gentiloni said the Commission acknowledged progress on most of the requirements in the country, but expected improvements in the governance of Bulgarian state-owned companies.

Caretaker deputy prime minister and finance minister Lyudmila Petkova said that the law on the introduction of the euro has been submitted to parliament and hopes for its adoption soon.

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

Radio Bulgaria News euro euro adoption introduction of the euro Paolo Gentiloni Paschal Donohoe

More from category

BNR to partner with Ruse University in Taraclia

Bulgarian National Radio (BNR) and Ruse University have announced plans to collaborate on cultural and educational activities at the university's recently established branch in Taraclia, Moldova. This announcement followed a meeting between the leaders..

published on 6/27/25 4:36 PM

President Radev: Government fails to understand Bulgaria’s national interests regarding North Macedonia

The head of state commented on the report adopted by the European Parliament’s Foreign Affairs Committee this week on Skopje’s progress in the European integration process. He also sent a letter to the leaders of the European institutions and..

published on 6/27/25 3:46 PM

New trend: One in three military candidates fails psychological screening

Generation Z is facing serious difficulties coping with stress, according to results from cadet exams at the Vasil Levski National Military University in Veliko Tarnovo, reported by BNR correspondent Zdravka Maslyankova. While until recently..

published on 6/27/25 3:30 PM