Eurozone

Bulgaria's Eurozone Ambitions by 2025: Addressing Inflation and Economic Alignment

Bulgaria's prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021, according to statements from the country's finance ministry to Euractiv Bulgaria.

Financial Expert's Projections: If Inflation Continues to Fall Bulgaria Can Adopt the Euro in 2025

Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026, in an interview with BNR. He cited the recent decrease in inflation reported by the National Statistical Institute (NSI) as a positive sign, indicating progress towards meeting the criteria for Eurozone entry.

Brussels sees growth at 2.2%

The European Commission calculates Greece's growth at 2.2% in its spring forecasts for this year and 2.3% for 2025, undercutting the projection of the Greek government. Brussels' forecast was below the estimate of the recent Stability Program for 2.5% and 2.6% respectively.

Former Finance Minister: Bulgaria Can Enter the Eurozone in 2026 at the Earliest

Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026 at the earliest. In his assessment, he outlined the necessity of a well-functioning government and an effective information campaign to facilitate this transition.

Cyprus to host first regular meeting of ECB Supervisory Council

The Central Bank of Cyprus is set to host the first-ever regular meeting of the Supervisory Council of the European Central Bank (ECB) on Thursday and Friday.

According to a statement from the Central Bank of Cyprus, the Supervisory Council convenes to deliberate, strategize and execute the ECB's supervisory duties.

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