Inside Bulgaria's Easter Celebrations: Traditions Passed Through Generations
Today marks the joyous celebration of Easter, one of the most significant holidays in the Orthodox Christian calendar.
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026, according to insights from Cinzia Alcidi of the Brussels Center for the Study of European Politics, as reported by Politico. Despite previous aims for entry on January 1, 2025, various factors, including Russian-funded disinformation campaigns, political uncertainties, persistent inflation, and insufficient public support, cast doubts on meeting the earlier target.
Political leaders in Bulgaria, including the governor of the Bulgarian National Bank, acknowledge the possibility of delayed entry, potentially around mid-2025. However, technical considerations related to the timing of accession make a mid-year entry less conventional.
The European Central Bank's upcoming assessment of Bulgaria's readiness, expected before summer, will play a crucial role in determining the feasibility of entry. Meeting the Eurozone criteria demands that Bulgaria's inflation rate does not exceed that of the top three performing EU countries by more than 1.5 percentage points. Despite favorable budgetary conditions, Bulgaria's current inflation forecast for 2025, standing at 2.9%, suggests a more plausible entry in 2026.
Zsolt Darvas from the Bruegel think tank emphasizes that Bulgaria's fiscal position remains robust, indicating readiness for Eurozone integration. However, he highlights the potential for expedited entry by leveraging the "gray zone," as seen in Croatia's accession in 2023. Yet, any acceleration must be backed by valid justifications.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022