Today, the European Central Bank (ECB) is expected to inform Sofia that Bulgaria is not ready to join the Eurozone at the beginning of next year, Politico reported, citing its sources.
The reason is non-fulfilment of the criterion for the level of inflation.
The European Commission must publish the convergence reports of the member countries that are about to introduce the single currency.
Earlier this year, Eurogroup President Pascal Donohoe suggested Bulgaria could join the eurozone later in 2025. However, experts believe January 1, 2026, would be a more appropriate date given the technical difficulties involved in the switch. of the national currency in the middle of the year. | BGNES
