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

The financial system in Bulgaria is stable, Lyubomir Karimansky says

Lyubomir Karimansky
Photo: BGNES

“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the Bulgarian National Bank said in an interview with public service TV BNT, and added that politicians are currently taking advantage of the fact people are not financially literate to make them afraid of the adoption of the Euro. The country’s financial system is stable and is ready for the adoption of the euro. The lack of a targeted economic policy and the rising prices in the country are much more dangerous for people’s money, he said further. People’s savings are going to be affected by inflation more than by the Eurozone. If we want to have price stability, then the fiscal and the monetary policy must be going in the same direction, Lyubomir Karimansky stated.



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

EUR 613 million more for the Health Insurance Fund, pensions to be updated by 8%-9% in 2025

In 2025, the National Health Insurance Fund will be able to spend 1.2 billion leva (EUR 613 million) more on insured individuals, the draft budget of its Supervisory Board envisages. The health insurance contribution remains 8% of the insurable..

published on 12/9/24 11:54 AM
Dimitar Radev

Bulgaria to meet the final economic criterion for the eurozone by January

Bulgaria will meet the final criterion of price stability for entry into the eurozone by January. After that, politicians are in charge, Bulgarian National Bank Governor Dimitar Radev has told BNT. "Politicians must try to get the..

published on 12/7/24 3:06 PM
BNB

BNB calls against excessive taxation of bank profits

The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words,..

published on 12/7/24 9:55 AM