The Parliamentary Budget and Finance Committee approved at first reading the proposed controversial amendments to the Law on the Introduction of the Euro in Bulgaria
The benefits of joining the eurozone are significant and long-term, said Bulgarian National Bank (BNB) Governor Dimitar Radev, quoted by his institution
A survey by Economic.bg aimed to define the concerns over the introduction of the single European currency
This is despite BNB's forecasted higher average annual inflation for 2025
It has been statistically and scientifically shown that none of the countries that adopted the euro have experienced initial inflation spikes by more than half a percent.
This is the opinion held by ING Think, the economic analysis unit of the Dutch bank ING
The Zhelyazkov cabinet adopted the decision during its meeting on Monday.
In recent weeks, there has been renewed talk about the fate of people's bank savings after Bulgaria enters the eurozone.
The country will submit a request for an extraordinary convergence report on its readiness to adopt the euro as soon as possible
The convergence report will show whether the country is ready to join the monetary union.
Inflation in Bulgaria continues to inch closer towards the permissible limits for Eurozone admission. At the end of September, the country’s indicator was only 1 percentage
Bulgaria does not meet the inflation criterion and is not ready to join the Eurozone from January 1, 2025. This was expectedly stated by the European Central Bank
The Bulgarian Ministry of Finance expects the country to meet the criteria for entry into the Eurozone at the end of the year
The Bulgarian Ministry of Finance expects higher inflation next year compared to its medium-term budget forecast published in the summer.
