Bulgaria is in a very strong initial position to join the eurozone, Dimitar Radev, governor of the Bulgarian National Bank (BNB), has said. Speaking at a business event organized by the American and British Chambers of Commerce in Bulgaria, Radev emphasized that amid growing global instability, integration into robust alliances like the eurozone was becoming increasingly important.
During the forum, Finance Minister Temenuzhka Petkova also reaffirmed that Bulgaria was prepared for the adoption of the euro. According to her, the country has made substantial progress and is now positioned to move forward with membership.
Radev underlined that Bulgaria should aim to use the current period of uncertainty as an opportunity for European and Euro-Atlantic consolidation rather than disintegration. He pointed out that full eurozone membership had the potential to serve as a counterbalance to negative global developments and narratives.
The BNB is also analyzing the possible repercussions of U.S. tariffs on Bulgarian exports. Although the direct effects might be limited, Radev warned that the indirect consequences could be more substantial. Bulgarian exports to the U.S., currently valued at around $1.8 billion, could become subject to new tariff measures.
Radev stressed the importance of maintaining stable public finances, which he described as essential for resisting external shocks. He confirmed that Bulgaria’s macroeconomic indicators remained solid – a key strength, as the country prepares for the next significant milestone: eurozone accession.
Finance Minister Petkova concluded by saying that Bulgaria had come a long way to reach this point and that the government was confident in the country’s readiness for euro adoption. (Novinite)