“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should..
" The implementation of the Recovery and Resilience Plan in Bulgaria has entered a key phase . It includes many investment projects and reforms that have been delayed for years. The World Bank will consult Bulgaria on some of..
Bulgarian National Bank (BNB) Governor Dimitar Radev warned that the dynamics of the political processes in Bulgaria will determine whether Bulgaria will join the euro zone in January 2024. The adoption of 100 legislative texts is needed, including..
Turkish opposition unites for presidential elections in 2023 One of Turkey's most influential women in politics, Canan Kaftancıoğlu, was taken to jail to serve a five-year sentence for insulting Turkish President Recep Tayyip Erdogan,..
World-famous economist Prof. Steve Hanke, who introduced the currency board in this country said, in an interview with bTV, that Bulgaria’s accession to the Eurozone will raise the risk of higher inflation. Prof. Hanke also criticized the..
The ruling coalition partners have agreed on a national plan for the introduction of the euro. At a nearly three-hour-long extraordinary experts’ council meeting convened by Deputy Prime Minister Assen Vassilev, it was agreed that the date for..
Even though the deficit will exceed the criteria for entry into the Eurozone, Bulgaria maintains the objective of introducing the single currency in 2024. This is made clear by the convergence programme for the 2021-2023 period voted by the..
" Our expectations are that this country would join the eurozone in 2024." This was what Minister of Finance Kiril Ananiev said during the online edition of the annual Euromoney Central and Eastern European Forum, the press..
The trade unions and employers support the quick admission of Bulgaria to the EU’s Exchange Rate Mechanism (ERM II) by the end of April, 2020. Entry into the Eurozone is a national objective and a priority in our foreign and economic policy. It..
“I just got an idea regarding the fact that the Lev is pegged to the euro: the Chinese Yuan is a good currency too. You might start thinking along those lines. And the market is enormous,” said Russian Prime Minister Dmitry Medvedev before his..
