Bulgarian National Bank

Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026, according to insights from Cinzia Alcidi of the Brussels Center for the Study of European Politics, as reported by Politico.

According to an article in "Politico," Russian-funded disinformation campaigns are contributing to a decline in public support for Bulgaria's adoption of the euro. This development casts doubt on the country's ability to join the Eurozone by January 1, 2025.

Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges.

The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB).

Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards.

In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023.

Bulgaria is grappling with a sharp increase in counterfeit currency, with the Bulgarian National Bank (BNB) reporting a concerning surge in fake banknotes, particularly those of 100 BGN denominations.

As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape.

The Bulgarian Socialist Party (BSP), under the leadership of Kornelia Ninova, has firmly declined invitations for discussions regarding their potential participation in a caretaker cabinet. Ninova stated that proposing ministers, deputy ministers, and agency heads is the responsibility of caretaker Prime Minister Dimitar Glavchev, not political parties.

Bulgarian banks have injected approximately 3.7 billion in additional credit resources into the housing market over the past year alone, with a staggering total of over 8 billion in the last three years, according to Lachezar Bogdanov, chief economist at the Institute for Market Economy, speaking on Nova TV.