BNB denies having prepared a report that Bulgaria is not ready for the Eurozone – Business
The Bulgarian National Bank (BNB) has denied that a report has been prepared, which claims that Bulgaria is not ready to join the eurozone in 2024. This became known from the BNB’s position on the authenticity and character of the texts quoted during the week by the leader of “Revival” Kostadin Kostadinov.
The BNB confirms its focus on preparations for the introduction of the euro with a target date of January 1, 2024.
The BNB has not prepared an analysis of the effects of the introduction of the euro, which was approved by the bank’s management and was officially introduced in the National Assembly, indicating from the central bank in response to the BNR in connection with the texts cited by Kostadinov, from which, according to him, interpretation, the conclusion can be drawn that Bulgaria is not ready for the introduction of the euro at the beginning of 2024.
BSP MP Rumen Gechev also refers to similar texts, but emphasizes that it is a “draft report”. In fact, it is a question of working versions developed by BNB experts, and it does not reflect the positions of the Ministry of Finance and other participants in the working group.
“The BNB is focused on the implementation of the tasks related to the mandate of the central bank and the decision of the National Assembly of October 27, 2022 to speed up the process of preparation for the introduction of the euro in Bulgaria with a target date of January 1, 2024,” they state BNB.
Last week, from the rostrum of the National Assembly, the governor of the BNB, Dimitar Radev, highlighted the benefits of joining the eurozone and warned that if Bulgaria fails to enter the target period, the next entry window will be in 10 years.