During the discussion about BulgariaThe path to joining euro areaPetar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), Bulgariasan's banking industry said it works closely with the system. euro area standard. Chobanov's remarks were made at a conference organized by the German Banking Association. Bulgaria (ABB), where he emphasized: banking industry Sector compliance euro area Regulations since Bulgariais included banking industry Union in 2020.
Bulgaria's Deputy Finance Minister Metodiy Metodiyev echoed Chobanov's opinion and emphasized the interim prime minister's remarks. governmentEfforts towards practical and technical preparation are being accelerated. Bulgariasan's euro area Affiliation.Metodiev emphasized the importance of Bulgariaconsistency with euro area The benchmark has been achieved despite challenges such as meeting the inflation target.
Addressing concerns about the impact of political instability Bulgariasan's euro area Mr. Chobanov reassured stakeholders about the Ministry of Finance's commitment to effective communication with European partners. He emphasized that the recent agreement with the European Commission is a positive sign. Bulgariaprogress and continued support from Europe.
Mr. Metodiyev highlighted important milestones achieved under his caretakership. government, including agreements with the Eurogroup and the European Commission on the production of Eurocoins and the communication strategy for the introduction of the euro. He emphasized continued efforts to address challenges such as inflation and ensure long-term fiscal sustainability.
Progress in technical preparations for the introduction of the euro was also noted, with Mr. Metodiyev highlighting the establishment of a coordination council and working group. He discussed the draft legislation to facilitate a seamless transition to the euro, stressing the importance of balancing the obligations of businesses and the interests of consumers.
The statements of Mr. Chobanov and Mr. Metdiyev reflect the following: Bulgariajoint efforts towards euro area Emphasizes the importance of joining and collaborating with euro area Address key challenges to comply with standards and ensure a smooth transition.
