Text size

Bulgaria has requested an extraordinary convergence report on the euro: PM Zhelyazkov

published on 2/25/25 11:49 AM

PM Rosen Zhelyazkov

Photo: BTA

Bulgaria has submitted a request for an extraordinary convergence report based on the understanding that the country meets the criteria for entering the Eurozone, Prime Minister Rosen Zhelyazkov said at the opening of a new production facility in Sofia.

“There are many steps that Bulgaria needs to take before it becomes clear whether it is ready to introduce the euro. The convergence report will probably be released in early June. After that, the findings of the European Central Bank, the European Commission, the Economic and Financial Affairs Council, the Eurogroup and the European Parliament will be examined and assessed. So there are many steps in which Bulgaria can show whether it is ready to introduce the euro from January 1, 2026,” Zhelyazkov also said.

Protest against the adoption of the euro to be held on February 22

He recalled that according to estimates, the gray sector in Bulgaria is about 30% and the goal is to lighten at least about 10%.

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

Radio Bulgaria News convergence report European Central Bank Eurozone Rosen Zhelyazkov

More from category

BIA presents its economic policy effectiveness index

Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic..

published on 4/24/25 1:10 PM

Donald Trump Jr. to attend business forum in Sofia

The son of the US President - Donald Trump Jr. and Gila Gamliel, Minister of Science and Technology of Israel, will participate in a business forum in Sofia on April 27, organized by the global digital asset platform Nexo , the company announced...

published on 4/24/25 11:36 AM

Photo: Ministry of Regional Development and Public Works

Bulgaria begins preparations for the presidency of the Danube Strategy

On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a difficult time for Europe, a time when the world is changing rapidly, when it is more important than ever..

published on 4/24/25 9:45 AM