Bulgaria Nears Eurozone Entry

Bulgaria’s entry into the eurozone will strengthen purchasing power and bring broader economic benefits, Economy Minister Peter Dilov told national television. The process, started in 2018, is now nearing completion, with only technical steps remaining, CE Report quotes BTA

Dilov said adopting the euro will improve Bulgaria’s credit rating and help small and medium-sized enterprises, which are already prepared for the transition. He assured that no significant price hikes are expected, as regulators are monitoring the market closely.

The minister noted Bulgaria's solid economic performance, citing 3.1% GDP growth and the EU’s second-lowest debt-to-GDP ratio. Bulgaria is also working to exit the FATF “grey list” and join the OECD — key goals that would further support investment and economic progress.

Dilov concluded that eurozone membership would bring long-term monetary stability and economic predictability.