In a recent interview with Bulgarian National Radio, financial analyst Svetozar Gledachev warned that without Bulgaria’s entry into the eurozone, politicians might be tempted to push for a change regarding the currency board. Gledachev described the situation as similar to a roller coaster ride, where financial irresponsibility led to increasing wages and borrowing, ultimately resulting…
Wizz Air has announced the launch of new flights from Sofia to two exciting destinations: Alghero in Italy and Krakow in Poland. The low-cost airline, known for its sustainability efforts, will begin regular services in June. Flights to Alghero will operate on Thursdays and Sundays, while Krakow will be serviced on Mondays, Wednesdays, and Fridays.…
Tourist agency GoVola has reported a substantial increase in airline ticket sales for 2024, reflecting both the growing enthusiasm of Bulgarians for travel and the company’s expanding presence in the market. Despite economic challenges such as inflation and limited airline seat availability, the online travel agency recorded a 49% rise in ticket sales compared to…
Bulgaria has officially requested the preparation of extraordinary convergence reports to assess the country’s readiness for joining the eurozone. This move comes after a decision made by the National Assembly in July 2024, aiming to accelerate the process of adopting the euro. The request was signed by the governor of the Bulgarian National Bank (BNB)…
The Economic and Social Council (ESC) has expressed strong support for Bulgaria’s accession to the eurozone and called for the process to be expedited. A resolution adopted during the ESC plenary session on February 24 stresses the need for the government to act swiftly by requesting an extraordinary convergence report from the European Central Bank…
Bulgaria has fulfilled the final requirement for joining the eurozone, the inflation criterion, according to Finance Minister Temenuzhka Petkova. Following recent data from Eurostat, the country has now met all the conditions necessary for eurozone membership. The price stability criterion, which was previously an obstacle, has been successfully met with an inflation rate in Bulgaria…
Bulgaria has officially met the inflation criterion required for eurozone accession, aligning precisely with the set threshold. The latest data from Eurostat, which provides the final and official figures, confirms this achievement. The country’s average annual inflation over the last 12 months stands at 2.6%. According to Eurostat’s methodology, the reference value is determined by…