Eurostat and the European Commission have been informed of a serious problem with the reporting of the balance of payments of the Bulgarian economy to the EU institutions, which may have presented the country's GDP growth as much higher than it is. EURACTIV Bulgaria reports.
Bulgaria's parliament adopted on Thursday (6 February) changes to the country's central bank law so as to allow its accession to the "waiting room" of the eurozone.
Croatia launched Thursday (4 July) a bid to join Europe's Exchange Rate Mechanism II, the two-year waiting room for eurozone candidates which pegs their currencies to the euro, the national bank said.
European Central Bank (ECB) will conduct a comprehensive assessment of six Bulgarian banks as part of the Balkan country's bid to join the European Union's banking union, Bulgaria's central bank said on Monday (12 November).
Bulgaria, buoyed by its good macroeconomic indicators, expects to apply by the end of June to join the Exchange Rate Mechanism (ERM-2), an anti-chamber for adopting the single currency, Finance Minister Vladislav Goranov said on Thursday (11 January).
Bulgaria has a long way to go before it is ready to adopt the euro but allowing Sofia into the Exchange Rate Mechanism (ERM-2) will be an acknowledgment of the Balkan country's reform efforts, its finance minister said today (2 June).