Bulgaria’s National Bank Governor, Dimitar Radev, stated that Bulgaria may join the eurozone at the end of 2025, missing the previous goal of January 1, 2025. Radev, who is currently in Washington for the spring meetings of the World Bank and the International Monetary Fund, criticized the state budget for not addressing inflation, which is the main obstacle to Bulgaria’s accession to the eurozone. UniCredit Bulgaria predicted that political instability would delay Bulgaria’s adoption of the euro until 2026. Despite facing political uncertainty and a caretaker cabinet, analysts believe Bulgaria will likely join the eurozone in 2025. Bulgaria is expected to meet the inflation criterion by December this year. Currently, Bulgaria operates a successful currency board where the lev is pegged to the euro.
Source euractiv
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