of Law The bill on euro adoption could be approved by parliament before the end of the summer, according to a forecast released today by Acting Deputy Finance Minister Methodiy Methodiev. Methodiev also said he expects Sofia to meet the inflation threshold needed to adopt the euro. Eurozone Based on the division's model, we plan to enter by the end of the year.
Methodiev stressed that while inflation continues to fall, it is still not enough. BulgariaOnce the nominal threshold has been met, an interim convergence report may be required. Eurozone Joining 20 countries that use a common currency.
Important Legislative Issues Eurozone The immigration process includes the creation of two important pieces of legislation – the new Law The National Bank of Bulgaria Law Discussion on the introduction of the euro. Law Regarding BNB, which was adopted in February and evaluated in a regular convergence report, Law Methodiev made it clear that the plan for introducing the euro, which has been drawn up over the past year and a half, would not be evaluated by the European Commission.
meanwhile Bulgaria and Croatia The ERM II Monetary Mechanism, or “Eurozone July 2020, Croatia I was able to participate Eurozone On January 1, 2023, experts BulgariaIts adoption of the euro has been delayed because it has failed to meet required inflation targets, and membership, originally scheduled for January 2025, may be postponed.
nevertheless Bulgaria Although it meets other criteria for the introduction of the euro, such as a low public debt-to-GDP ratio and a stable exchange rate thanks to its Monetary Board and ERM II membership, inflation remains an issue: it must not be more than 1.5 percentage points higher than the three best-performing countries in the euro area.
