Text size

Bulgaria can become part of the Eurozone in 2025, says IMF's Jean-Francois Dauphin

published on 3/19/24 4:32 PM

Jean-François Dauphin, head of the IMF mission

Photo: BTA

The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system. The fund's mission began on March 6 and ends today.

"Bulgaria's accession to the Eurozone in 2025 is realistic," said Dauphin. According to him, joining the euro will reduce some of the risks facing the Bulgarian economy. The fund's regular mission expects the Bulgarian economy to grow by 2.7% this year and inflation to be 3.5%.

Among the fund's long-term recommendations is the abolition of the maximum insurance threshold and the introduction of a progressive income tax scale.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Eurozone IMF International Monetary Fund Jean-François Dauphin

More from category

Kristalina Georgieva: Chance to enter the Eurozone should not be missed

Progressive income taxation allows a country's resources to be shared more successfully with society. The 10% flat tax has played its role in shedding light on incomes, but it's time to replace it, Kristalina Georgieva, managing..

published on 4/16/24 11:54 AM

Caretaker cabinet continues Bulgaria's course towards the Eurozone

"I have tried to get experts into the government, to achieve continuity and the cabinet to be politically balanced," caretaker Prime Minister Dimitar Glavchev said when presenting the composition of the already active caretaker cabinet to the President...

published on 4/15/24 12:20 PM

European Commission with information campaign on adoption of the euro in Bulgaria

Caretaker Deputy Prime Minister and Finance Minister Lyudmila Petkova, Vice President of the European Commission Valdis Dombrovskis and European Commissioner for Economy Paolo Gentiloni signed, in Luxemburg, a partnership agreement between the..

published on 4/12/24 11:18 AM