What will joining the eurozone mean for the Bulgarian economy?

euronews (in English)

What will joining the eurozone mean for the Bulgarian economy?  The Balkan country of 6.5 million people joined the EU in 2007 and formally began the process of joining the eurozone in 2018.   READ MORE : http://www.euronews.com/2025/12/31/what-will-joining-the-eurozone-mean-for-the-bulgarian-economy  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Transcript

00:00Starting on the 1st of January 2026, Bulgaria will become the 21st member of the Eurozone,

00:08with the euro replacing the left as its national currency.

00:11The Balkan country of 6.5 million people joined the EU in 2007

00:15and formally began the process of joining the Eurozone in 2018.

00:20It now respects the four Maastricht criteria to join the currency bloc.

00:24Price stability, with an inflation rate of 2.7% in 2024,

00:30sound public finances, with public debt and deficit levels of 24% and 3% of GDP in 2024,

00:38exchange rate stability and long-term interest rate stability.

00:42In 2024, Bulgaria was the poorest EU country in terms of GDP per capita.

00:47It is also the EU country the most affected by poverty,

00:50with more than 21% of its population living below the poverty line.

00:55Brussels and Sofia hope joining the Eurozone will boost the country's economy

00:59and strengthen its European integration.

01:01The bigger effect is the long-term effect, basically boosting confidence when it comes to the currency,

01:10to the purchasing power of the currency, confidence of foreign investors,

01:15people who buy Bulgarian debt, but also people who invest in the country.

01:19Peter Ghannef thinks that joining the Eurozone will unimaginably contribute to inflation.

01:24It's not the main factor.

01:25The main factor is the consumption, which is supported by inflationary budget

01:34and by record-high credits, especially for new homes.

01:39But it's political instability that might negatively impact Bulgaria's economy.

01:44The government resigned in mid-December after weeks of anti-corruption protests.

01:49No means the whole economic development was less likely to have continued to occur嗯…

01:50But a very popularelier can be added.

01:52...And part ÉIna said,

01:53a very popular могу that won't actually seize this earth–

01:53There is no impediment there.

01:55The only thing is here is that he is a proud member of the United States.

01:56Do you know that he recommends running for more than 20% of itslave...?

01:58It's not a plain historian.

01:59There is an obstacle to ngay na revolution Amazon Youtube.

02:00They have a lot of ideas in the atmosphere,

02:01by connecting like Pinterest,

02:05including George samma Ina france,

02:06Ina france,

02:12Ina france,

02:14Ina france,

Category

Transcript

Be the first to comment

Recommended