Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion. Vassilev, present in the plenary hall, highlighted the significance of this milestone, emphasizing that Bulgaria has fulfilled its legislative program for Eurozone accession, a feat previously unaccomplished during the period of the GERB party's governance.
Vassilev outlined that the only remaining legislative hurdle is the adoption of the Law on the introduction of the euro, which is already undergoing public discussion. He emphasized that once Bulgaria satisfies the inflation criterion, the country will demand the necessary report, paving the way for its entry into the Eurozone.
"As soon as the inflation criterion is met, Bulgaria can enter the Eurozone," Vassilev stated unequivocally. He underscored the meticulous completion of the legislative framework required for Eurozone integration, positioning Bulgaria on the cusp of a significant economic milestone.
The Minister's remarks shed light on Bulgaria's progress towards Eurozone accession, marking a notable achievement in the country's economic trajectory. As Bulgaria inches closer to joining the Eurozone, anticipation mounts for the final steps needed to solidify its position within the European monetary union.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022