The news was announced by Prime Minister Zhelyazkov during a joint briefing with EU Council President Antonio Costa
This is despite BNB's forecasted higher average annual inflation for 2025
The main reason for the adjustment is the incoming data on the strong economic activity in the country.
Bulgaria's GDP will expand by 2.5% this year
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.
The criterion was met for the first time in February, when Bulgaria's inflation rate fully matched that of the eurozone.
The new estimate is for 3.1% for 2025
Last year, the bank regulator tightened the rules for housing loans and introduced new requirements for banks when granting mortgages
The European Commission's answer is necessary due to the fast approaching RRP deadline
The new road will facilitate the connection between the northern and southern halves of Bulgaria
