Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian Parliament adopts Bulgarian National Bank bill regulating the status of the euro

Photo: BGNES

The Bulgarian Parliament has adopted the amendments to the Law on the Bulgarian National Bank which regulate the legal integration of the Bulgarian Central Bank into the Eurosystem upon the introduction of the euro as the currency of Bulgaria. The changes affect the status of the euro, the design of the national side of the exchange euro coins, their release and withdrawal from circulation. The law must enter into force on the day specified in the Decision of the Council of the EU on the adoption of the euro by Bulgaria.

During the stormy debates, BSP for Bulgaria stated that Bulgaria was not yet ready to enter the Eurozone. Vazrazhdane expressed fears of rising prices and inflation after joining the Eurozone and fears of loss of sovereignty. 

PP-DB were categorical that it was ridiculous to talk about loss of sovereignty, since Bulgaria is currently in the conditions of a Currency Board. Regarding inflation, it was argued that in 2023, when Croatia joined the eurozone, it had a record for income growth in the EU, and the effect of the euro on inflation in the country was 0.2%.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Voter turnout at the 2-in-1 elections in Bulgaria

Voter turnout at the early Parliamentary elections reached 15.6% at 1.00 pm, said sociologist Svetlin Tachev from Gallup International Balkan. "Voter turnout is starting to slow down, while at the beginning of the day it was almost on par with..

updated on 6/9/24 2:45 PM

Weather forecast: Temperatures continue to go up

Sunny weather is in the forecast for Sunday afternoon. Cumulus clouds will form over the mountains in the western parts of the country with a chance of occasional showers and thunderstorms. There will be light to moderate southerly winds. Daytime..

published on 6/9/24 1:14 PM

People with disabilities in Sofia vote in 14 polling stations

More than 300 people with disabilities are voting from their homes today in Sofia. They vote with mobile ballot boxes in 14 polling stations. The mobile teams will visit 16 districts of Sofia Municipality, where people with disabilities wanted to vote..

published on 6/9/24 12:19 PM