According to Dimitar Radev, Governor of the National Bank of Bulgaria (BNB), Bulgaria do not meet all requirements to participate in euro area By the time the convergence report was released in June. Mr. Radev made the announcement during a conference organized by the Honorary Consuls Association. Bulgaria's euro area Affiliation.
Mr. Radev blamed the delay on the meeting by the country. euro area Criteria for the ongoing political crisis and lack of involvement of the executive branch to finalize the accession process. Although Radev acknowledged this, Bulgaria There's still a chance to join euro area He expressed skepticism about achieving this by January 1 next year.
Banks and banking systems are expected to prepare for the following events: euro area Radev pointed out that state and local governments are not prepared to the same level for entry by the end of the year. He emphasized the need to act urgently to meet technical requirements and outlined his four key measures:
- restore political dialogue euro area The current connection is only a formality and therefore does not allow access to the affiliation process.
- Mr. Radev will resume efforts to restore financial health, which he considers important for BNB.
- Promptly pass legislation aimed at introducing the euro.
- Fulfill remaining conditions and accelerate efforts to technically prepare the executive branch. euro area entry.
Minister of Economy Petko Nikolov also expressed his opinion on this issue and emphasized the importance of: Bulgaria Adopt the euro. He highlighted potential benefits, including improving the country's rating. Nikolov also announced plans for a campaign aimed at preventing abuse after the incident. EURWith the adoption of , the Consumer Protection Commission will oversee implementation and organize the “Honest Trader” initiative, which will feature a distinctive logo.
meanwhile, BNB Started $8 million pilot casting process EUR Coin announced by Governor Radev during a meeting on. EURIntroducing Mr. Furthermore, Mr. Radev said: EUR Banknotes tailored to local requirements are currently being printed.
