European Union

AFP: Bulgaria edges closer to joining euro

13 July 2018 | 01:08 | FOCUS News Agency
Picture: AFPAFP: Bulgaria edges closer to joining euro
AFP: Bulgaria edges closer to joining euroPicture: AFP
Brussels. Bulgaria, the European Union's poorest country, moved a step closer to joining the euro on Thursday, AFP reports.
After a meeting of eurozone finance ministers in Brussels, the European Commission and the European Central Bank (ECB) said an evaluation could be completed in "around a year".
"The European Commission welcomes Bulgaria's efforts to join the eurozone," Latvian Valdis Dombrovskis, Vice President of the European Commission told a news conference.
"We might expect the ECB to complete its overall assessment in around a year," added members of the eurozone in a statement.
Finance Minister Vladislav Goranov said earlier this year that with one of the lowest debt levels in the EU, fiscal surpluses and manageable inflation, Bulgaria met all the criteria for joining the euro.
Prime Minister Boyko Borisov said in April Bulgaria hoped to enter the two-year "waiting room" to join the euro within a year.

© 2018 All rights reserved. Citing Focus Information Agency is mandatory!

PICTURE OF THE DAY
VIDEO OF THE DAY
Prize drawing in Q&A game European Test for Masters. July 30, 2018;
Prize drawing in Q&A game European Test for Masters. July 30, 2018;
Home | Services | Archive | Partners | Banners | Radio Adds | About Us | Disclaimer | Contacts |
© 2018 FOCUS Information Agency The content published by Focus Information Agency and the technologies, used on its website, are protected by the Copyright and Neighbouring Rights Act. All the text, audio and video materials, photos, and graphics, published in the database, are property of Focus Information Agency, unless otherwise provided. The USERS and SUBSCRIBERS are under the obligation to use the materials from the database according to Focus Information Agency’s General Terms and Conditions as well as the applicable law of the Republic of Bulgaria.