Bulgaria's Progress Toward Euro Adoption Welcomed by Eurozone
Eurozone countries have expressed support for Bulgaria's progress toward adopting the euro, according to the Eurogroup's conclusions at the European Council meeting in Brussels on Thursday, CE Report quotes BTA
"We welcome Bulgaria’s progress to adopt the euro, based on the agreed criteria. We look forward to the assessments of the Commission and the European Central Bank," the statement read.
Prime Minister Rosen Zhelyazkov mentioned earlier that he expects the special reports on Bulgaria’s readiness for euro adoption to be completed by May or June.
Bulgaria requested ad hoc convergence reports from the European Commission and ECB in February, and Eurostat’s February data confirmed that Bulgaria’s inflation now meets the price stability requirement.
