Economy

Joining Bulgaria to the Eurozone - Key to better economic prosperity

Редакция BurgasMedia

09.06.2025 • 10:18

180 прегледа

0 коментара

Joining Bulgaria to the Eurozone - Key to better economic prosperity — Снимка от Pexels

The Minister of Economy and Industry, Petar Dilov, states that the adoption of the euro will have a positive impact on the living standard of the people, the business environment, and investments in Bulgaria. He emphasizes that all sectors will benefit from this, and the purchasing power of Bulgarians will increase.

The Minister of Economy and Industry, Petar Dilov, commented that Bulgaria's accession to the Eurozone will have a favorable effect on the country's economy. He points out that the control authorities are already monitoring unjustified price increases, and no increase in electricity and fuel prices is expected, which means that merchants will have no reason to raise prices in stores.

Dilov points out that if Bulgaria had joined the Eurozone earlier, it would have saved 195 million euros annually. He emphasizes that small and medium-sized businesses are fully prepared and clearly aware of the benefits of accession, managing to save nearly 1 billion leva in currency conversion costs.

The Minister points out that the Bulgarian economy is currently performing very well, with GDP growing by 3.1 percent year-on-year in March. In addition, Bulgaria is in second place in the European Union in terms of the debt-to-GDP ratio. At the moment, the country is actively working to join the Organization for Economic Cooperation and Development (OECD), Dilov adds.

According to the Minister, if Bulgaria manages to complete this circle of strategic priorities, the country's economy will perform much better.