Bulgaria can accept the euro if it is ready from 2025 – Dombrovskis from the EU | – #Bulgaria #accept #euro #ready #Dombrovskis
SOFIA, February 23 (Reuters) – Europe Commission vice-president Valdis Dombrovskis said on Thursday that Bulgaria could join the euro zone from January 2025 if it meets all the entry criteria.
Bulgaria last week inflation It abandoned its goal of joining the euro in January 2024 because it did not meet its criteria and did not accept some legal changes.
Dombrovskis told the private TV channel Nova: “The date is the time that meets all the Maastricht criteria.” “Maybe 1 january 2025 could be one of the possible dates.”
Europe Bulgaria, the bloc’s poorest member, has already said it could aim to adopt the currency from mid-2024.
Dombrovskis, who is on a two-day visit to Sofia, said countries usually join a year earlier, which is more practical.
According to him, the high caused mainly due to high energy costs inflation It means that Sofia has postponed the original target date.
Bulgaria’s EU-adjusted inflation rose to 14.3% year-on-year at the end of 2022, the eighth highest in the bloc, as prices rose in Central and Eastern Europe.
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Dombrovskis said that April The country, which is holding its fifth election in two years, must adopt all the laws it needs to join the euro zone, including anti-money laundering laws.
Report by Tsvetelia Tsolova; Edited by Emelia Sithole-Matarise
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2023-02-23 13:28:40
Source – reuters
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