The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8% from 2.1% a month earlier, reaching the highest level in 12 months (since January 2024, when it rose by 3.9%).
After the data was released, Democratic Bulgaria MP Martin Dimitrov said at a briefing with journalists that Bulgaria has "huge chances" to join the eurozone, "unless the government plays a double game and sabotages itself". He called on the government to request an extraordinary convergence report from the European Commission and to launch an informational campaign on the euro in response to the disinformation in society regarding the introduction of the single currency in Bulgaria.
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“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..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
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