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

Bulgaria meets the criteria for Eurozone membership

Photo: Reuters

At the end of 2024, Bulgaria's macroeconomic indicators fully met the Maastricht criteria for Eurozone membership, BGNES informs.

According to Eurostat data, inflation from June to November was below 3%, which is a requirement for adopting the single currency. The other important indicator for entering the Eurozone is the budget deficit, which will also be within 3%. In addition, Bulgaria has the lowest unemployment in recent years of about 4% and the debt to Gross Domestic Product ratio is nearly two times lower than the set criterion of 60%.

The European Commission's forecasts for Bulgaria’s economic development are positive - this year inflation is to decrease to 2.3% and the fiscal deficit is to reach 2.8%. Based on these data, economists believe that Bulgaria can become a member of the Eurozone in the middle of this year or in early 2026.



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

UPDATED Yemen's Houthis release Galaxy Leader crew, including two Bulgarians

Yemen's Houthi rebels from the Ansar Allah group have released the crew of the Galaxy Leader, which was hijacked in the Red Sea in late 2023, BNT reported. The captain and the chief mate are Bulgarian citizens. Reuters reports that the crew was on..

published on 1/22/25 3:55 PM

Prime Minister Zhelyazkov outlines new government's plans to European Commission

"During our meeting with the President of the European Commission, it was crucial to reaffirm the mutual trust between the new Bulgarian government and the new Commission, " said Bulgarian Prime Minister Rosen Zhelyazkov after his meeting with Ursula von..

published on 1/22/25 1:17 PM
Vazrazhane leader Kostadin Kostadinov

Vazrazhdane party threatens to strongly oppose Bulgaria's adoption of the euro

In a statement from the parliamentary rostrum, the leader of Vazrazhdane party, Kostadin Kostadinov, stated that his party would not allow "a national betrayal - Bulgaria's entry into the Eurozone".  According to the politician, Bulgaria..

published on 1/22/25 12:23 PM