Bulgaria ready to join Eurozone on January 1, 2025, says caretaker official

I hope that Bulgaria will join the Eurozone on January 1, 2025, the caretaker Deputy Prime Minister for EU Funds Management Atanas Pekanov said before an expert debate in Sofia titled Is Bulgaria ready for the Eurozone? Deputy Premier Pekanov said that it was just a matter of time for Bulgaria to meet the technical and inflation criteria.

Bulgaria has been a member of the EU for 15 years and Bulgarian citizens and businesses often do their transactions abroad, according to Atanas Pekanov. In his words, more than 1.5 billion euros are sent from abroad to Bulgaria, but part of the money is lost during the currency conversion. 45% of Bulgaria's exports are in the euro area, 35% of the imports are from the euro area, Deputy Premier Pekanov explained. The economy of Bulgaria is moving with that of the euro area, which means we are ready to adopt the euro as soon as possible, said Atanas Pekanov.