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

Bulgarian National Bank

Bulgarian National Bank places bonds with new short-term and medium-term domestic debt

On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..

published on 1/22/25 11:05 AM

Bulgaria will request a new report from the European Commission on its readiness to join the euro

Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..

published on 1/21/25 8:46 AM

Employers present their views on improving the business environment in Bulgaria

Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers.  "Romania was..

published on 1/20/25 1:54 PM