Bulgaria and the euro

Bulgarian Budget Deficit Set for BGN 7 Billion for 2021 by Outgoing Government

 Boyko Borissov's outgoing government is preparing to leave a heavy legacy. Instead of the deficit of BGN 4.9 billion planned in the State Budget Act, at the end of 2021 the treasury will be in the red by nearly BGN 7 billion, or 5.6% of GDP.

 This is written in the Convergence Program of Bulgaria for the period 2021-2023.

US Congressional Research Service Comes out with Report on Bulgaria

After 12 years of near-continuous rule under Prime Minister Boyko Borissov and his center-right Citizens for European Development of Bulgaria (GERB), Bulgaria experienced a period of uncertainty following parliamentary elections held on April4, 2021.The fragmented results of the parliamentary elections though make it difficult to form a government.

Bulgaria: Date for Replacing Lev with Euro Is Set for 1 January 2024

From 1 January 2024 Bulgarians will pay with Euros in stores. This is the indicative date for Bulgaria's entry into the Euro area.

It is mentioned in a draft amendments to the decree of the Council of Ministers, which regulates the activities of the Coordination Council for preparation of Bulgaria for membership of the Euro area.

Minister of Economy: Bulgaria Boasts Excellent Macroeconomic Indicators despite Pandemic

Bulgaria is among the few countries in which there is growth in consumption and rising incomes during the coronavirus crisis. This was stated by Minister of Economy Lachezar Borisov during the virtual Economist event entitled EU Recovery and Resilience Fund for Bulgaria's Transition: Innovation - Green Agenda - Digital Transformation.

Prime Minister Borissov: Bulgaria Achieved Impressive Economic Growth

Bulgaria's economic growth is impressive, said Prime Minister Boyko Borissov during the official presentation of the Economic Review for Bulgaria prepared by the Organization for Economic Cooperation and Development (OECD), reported the Press Office of the Council of Ministers.

Bulgaria’s Minister of Finance: Our Country Will Join Eurozone in 2024

"We expect our country to join the eurozone in 2024. The main tasks of the Bulgarian Government on the way to achieving this goal are related to the fulfilment of the subsequent commitments under the Roadmap after the accession of the Bulgarian Lev to ERM II, as of July 10, 2020. 

Bulgarian State Acquires 26% of Fibank Due to ERM-2

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2.    Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was

PM Borissov: No Country that Adopts the Euro Becomes Poorer or Weaker as a Result

"The sustained growth of GDP for years, the financial stability, the discipline of Bulgaria is highly appreciated by the European Commission." Prime Minister Boyko Borissov, who is Brussels for the negotiations on the financial framework of the European Union, said.

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