What Happened to Bulgaria and the Eurozone
What Happened to Bulgaria and the Eurozone

Author(s): Yanko Hristozov
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Supranational / Global Economy, International relations/trade, EU-Accession / EU-DEvelopment
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: euro; euro zone; inflation Bulgaria; Croatia; Romania
Summary/Abstract: The topic of the adoption of the euro in Bulgaria is as well-worn as it is relevant with each subsequent year because the country is on the threshold of the euro zone, but something is still missing. Expectations for admission at the beginning of 2024 turned out to be impossible because Bulgaria did not meet the requirements for inflation levels, although it was exemplary in this indicator in recent years. It turned out that all efforts were in vain, but there is still hope that within one to two years the economic indicators will stabilize and the country will become a full member of the Eurozone. The purpose of this report is to examine the state of convergence indicators in Bulgaria, Croatia and Romania for the period 2020-2022 and to try to trace the reasons for our not being admitted to this monetary union, which is so important to us.

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