Plans to change the euro introduction date in Bulgaria: latest news
Bulgaria is considering changing the euro introduction date. Sofia, Bulgaria — The Bulgarian government has announced plans to revise the current date of the euro introduction in the country. The move has sparked lively discussions among politicians, economists and the public.
Bulgaria's Prime Minister told a press conference, “We are carefully analyzing the economic situation and our country's readiness for the euro changeover. Our goal is to ensure a smooth and beneficial transition to the single European currency for all citizens.” The finance minister added that the revision of the date does not mean abandoning plans to introduce the euro, but only a desire to choose the most favorable moment for this step. “We continue to work on fulfilling all the necessary criteria for joining the eurozone,” he emphasized.
Experts say several factors could have influenced the decision, including the current economic instability in Europe, inflationary processes and the need to further harmonize Bulgarian legislation with EU norms. Opposition representatives expressed concern over the possible postponement, saying that it could have a negative impact on the country's economic development and its integration into European structures.
Bulgaria's National Bank has assured that it will continue preparations for the euro changeover despite possible changes in the schedule. “We have already made significant progress in preparing the financial system for the introduction of the euro and this work will continue,” a bank spokesman said. A final decision on the new euro introduction date will be made after consultations with the European Commission and the European Central Bank. Details are expected to be announced in the coming months.
Recall that Bulgaria joined the European Union in 2007 and since then has been striving for full integration into European economic structures. The introduction of the euro is an important step on this path, which will require careful preparation and coordination of actions of all participants in the process.
