Bulgaria will not have to bail out eurozone countries that are experiencing difficulties. This is what Lilyana Pavlova, former vice president of the European Investment Bank, told the Bulgarian National Radio.
"In the contracts we sign and in the rules that operate, it is very clear that no country will pay the debt of another. We participate with our contribution, which is proportional to GDP. The funds are managed by the Stability Mechanism and in times of crisis, assistance is provided to the respective economy by issuing loans, but in no way does this create risk for the economies of the eurozone member states," Pavlova said.
Joining the eurozone gives access to the European Stability Mechanism, she also pointed out and added that inflation is influenced by the markets, not by the currency used.
Editor: Ivo Ivanov
Publication in English: Al. Markov
Photo: BTA
The share of foreign students in Bulgaria has more than doubled in the last decade. In 2013, they were nearly 4 percent while in 2025 their number reaches 9% of active students. This is indicated by the annual Ranking of Higher..
Over 3,000 antiques worth more than EUR 100 million have been seized in an international operation, coordinated from Sofia, the Greek police reported. One of the largest antiquities smuggling networks has been dismantled with the support of Europol..
President Rumen Radev has issued decrees appointing ambassadors to Slovakia, Serbia and Tunisia. Snezhana Ivanova Yoveva-Dimitrova has been appointed ambassador to Slovakia, Angel Aleksandrov Angelov to Serbia, and Boryana Ivanova Simeonova to..
I have spoken many times with Minister of Foreign Affairs of North Macedonia Timčo Mucunski. He knows our position very well. His role..
Bulgaria welcomes the consistent efforts of the US and President Donald Trump to establish a just and lasting peace in Ukraine, the..
Partly Cloudy
Clear