Enlargement of the eurozone
A Plan for the Euro in Bulgaria: For a Month Payment in both Currencies, but the Change will be in Euros
By the end of the year, commercial banks will be technically ready to accept the euro, according to, Dimitar Radev, Governor of the Bulgarian National Bank (BNB). He said this during his hearing by the parliamentary committee on European Union issues.
Bulgarian Businesses declared For the Direct Adoption of the Euro and Not its Parallel Introduction
Is it possible to introduce the euro in parallel to the lev? According to Bulgarian businesses, the best option is the fastest adoption of the European currency, rather than its prolonged parallel use.
Bulgaria is Discussing with the EU the Use of the Euro as a Parallel Currency
Bulgaria is discussing with the European Commission and the European Central Bank (ECB) the possibility of the euro also being used in Bulgaria before its official introduction. This was understood from the words of Finance Minister Asen Vassilev while presenting the draft budget for the year.
Bulgaria: Denkov Presented Priorities of the New Cabinet: Budget Deficit, Schengen, Eurozone and Judicial Reform
The candidate for Prime Minister Nikolay Denkov presented the structure and composition of his government to the Bulgarian deputies. In the beginning, he warned that the unusual formula of a cabinet with rotating prime ministers was selected because of the difficult situation in the country in an attempt to avoid another election. Among the priorities of his government, he indicated:
Bulgarian National Bank: The Technical Work on the Adoption of the Euro Continues
The Bulgarian National Bank (BNB) has no formal basis and has not suspended the technical work on the adoption of the euro. It is being carried out on schedule and within the bank's budget for 2023, the press center of the Bulgarian National Bank said regarding political comments that the process of joining the Eurozone should be stopped.
Bulgaria: Mariya Gabriel and GERB met with BSP - Ukraine and the Eurozone are the main Conflicting Topics
BSP leader Kornelia Ninova asked GERB how they would agree on two topics - the rapid entry into the Eurozone and the provision of arms to Ukraine. She stated this at the meeting between the leaders of the two parties.
"There must be a working government and parliament. For us, the budget comes first.
Fitch confirmed the long-term Credit Rating of Bulgaria
The international rating agency "Fitch" (Fitch Ratings) confirmed the long-term credit rating of Bulgaria in foreign and local currency BBB with a positive outlook.
The Law on the Adoption of the Euro will be submitted to the Bulgarian Parliament soon
The law on the adoption of the euro will be submitted to the National Assembly within a month, announced Deputy Minister of Finance Metodi Metodiev during a discussion on the topic of the forum "The role of organized civil society in the process of Bulgaria's accession to the Eurozone". According to him, achieving the inflation criterion remains the main challenge facing our country.
VP of the European Commission: Bulgaria can Adopt the Euro on January 1st 2025
"The possible date for the adoption of the euro in Bulgaria is January 1, 2025," the Vice-President of the European Commission, Valdis Dombrovskis, told Nova TV.
Financier: In Bulgaria, We’ve been Using Euro, which is called Lev, in a ratio of 2 to 1 for 25 Years Now
"The lev is attached to the euro, the exchange rate is fixed. In Bulgaria, we operate with the euro, which is called the lev in a ratio of 2 to 1 for 25 years - since the currency board was introduced." This is what Julian Voinov, a financier, said on Nova TV.