The European Commission (EC) reported that Bulgaria still does not meet two of the requirements for joining the eurozone. Our country does not meet the indicators of price stability and legislation fully compliant with the rules of the European Union (EU).
The Commission clarifies that in our country consumer price inflation is uneven. It is reported that the latest data for Bulgaria show high inflation caused by rising energy prices.
The next report is expected to show a positive change next year, because inflationary pressures are considered temporary and are expected to fall significantly. For this reason, there are no expectations for a further delay for our country on the road to the introduction of the euro.
The EC notes that joining the eurozone is part of the commitments made by EU countries to join the Community (excluding Denmark).
The Commission estimates that Croatia is ready to adopt the euro from 1 January next year. Prior to that, the necessary approval is expected from the European Council and the European Parliament at the end of June and the beginning of July.
Croatia joined the EU in 2013 and together with Bulgaria joined the so-called eurozone waiting room in July 2020. The Croatian economy is reported to be small and well integrated into the European economy, and banks are owned mainly by companies in large eurozone countries.
The report states that Sweden, Romania, Poland, Hungary and the Czech Republic also do not yet meet the requirements for admission to the eurozone.
EXPECT DETAILS IN BLITZ!
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