Multi-speed Europe

The Bulgarian Parliament has recently adopted a decision to accelerate the process of adopting the euro. Under this new directive, the Ministry of Finance is tasked with requesting Bulgaria's Eurozone membership to commence on July 1, 2025, provided the country meets the inflation criteria by the end of this year.

BELGRADE - Serbian PM Milos Vucevic met with North Macedonian Interior Minister Panco Toskovski in Belgrade on Friday to discuss bilateral relations and cooperation on security and in other fields of importance to the citizens of the two states, the PM's office said in a statement.

Bulgaria is unlikely to join the Eurozone in the next two years, according to economist Prof. Krasen Stanchev, founder of the Institute for Market Economy. He explained on bTV's morning program "This Sunday" that the decision is made not by the European Commission or the European Central Bank, but by a qualified majority of Eurozone member countries.

Hungary's Deputy Minister of the Interior, Bence Retvari, emphasized the significance of including Bulgaria and Romania in the Schengen Area by the end of 2024 during Hungary's Presidency of the Council of the EU. He expressed optimism for a timely decision on this matter but did not specify a precise timeline for the vote.

The project for Terminal 3 at Sofia Airport includes plans for airbridges and the option for passengers to walk to and from the planes (the so-called WiWo - walk in, walk out). Milena Mihailova, Director of "Public Relations and Communications" at the concessionaire "SOF Connect," shared this information with TravelNews.

Bulgaria is not prepared to introduce the euro on January 1, 2025, as it fails to meet one of the four criteria for eurozone entry—the inflation level. This was highlighted in a report by the European Commission, adopted on Wednesday.

Bulgaria is expected to adopt the euro at the beginning of 2026, rather than mid-next year as previously forecasted. This update was provided by acting Deputy Prime Minister and Minister of Finance Ludmila Petkova, who emphasized the need for technological time to meet the final criterion for euro adoption.

“The course of Greek economy is clearly better than the average for the Eurozone and the EU for

The European Central Bank (ECB) is expected to inform Bulgaria today that the country is not ready to join the Eurozone at the beginning of 2025, according to Politico. At noon, the European Commission will release reports on the convergence of EU member states planning to adopt the single currency.

The Bulgarian Ministry of Finance anticipates that the country will achieve the inflation benchmark required for Eurozone membership by the year's end. Following this achievement, Bulgaria plans to formally request the European Commission (EC) and the European Central Bank (ECB) to prepare an extraordinary convergence report, as stated by the Ministry of Finance.