Vice President Iliana Yotva Emphasized BulgariaThere is an urgent need to maintain momentum towards participation Eurozone country's Eurozone Prospects for accession.
Yotva Emphasized Bulgaria Don't delay your efforts to participate EurozoneShe pointed out the need for active participation to address existing challenges within the monetary union. She highlighted the deep-rooted problems stemming from the 2008 financial crisis, BulgariaIn these complex circumstances, the voices of union members must be listened to in shaping the union's future. Yotva Schengen and Eurozone, Bulgaria's EU membership is still incomplete.
Addressing public concerns; Yotva Called for depoliticization Eurozone She approached the issue of accession in order to allay public fears: she raised important questions about how to convince the public of the benefits of accession. EURThis includes addressing concerns about loss of sovereignty and the potential impact of inflation, although research suggests the impact would be minimal in the long term.
Acting Minister of Economy Petko Nikolov stressed that consumer protection is the government's top priority. Eurozone He outlined measures to ensure price transparency, including requiring stores to display dual currency for a year after the transition. EUR The implementation will be overseen by the Consumer Protection Commission under the Ministry of Economy, Trade and Industry.
Nikolov expressed confidence. Bulgaria Close to achieving final standard EUR He has been working towards adopting the euro, with a particular focus on keeping inflation within a certain range that is consistent with top EU countries, and reaffirmed that joining the European currency remains the country's main goal, alongside achieving full Schengen membership and OECD membership.
Nikolov said: Eurozone A membership system was introduced in order to garner support from a wider range of citizens. BulgariaThe timeline anticipates a request for an interim convergence report by the end of the year, pending adoption by the legislature, to pave the way for a mid-2025 adoption date. EUR The new parliament will enact the law.
