Bulgaria and the EU Convergence Reports from 2022
Bulgaria and the EU Convergence Reports from 2022

Author(s): Kaloyan Simeonov
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Supranational / Global Economy, EU-Accession / EU-DEvelopment
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Euro Area; Bulgaria; accession; convergence criteria
Summary/Abstract: The 2022 Convergence Reports from the European Commission and European Central Bank are currently the last official assessments of the preparedness of the EU Member States that are outside the euro area about their readiness to adopt the euro. In these reports only Croatia was assessed as a Member State that is ready to adopt the euro. The paper will analyse the assessment of the EU institutions on the Bulgaria readiness to adopt the euro. The initial reading of the reports may suggest that they are not too positive about Bulgaria as there are several requirements that shall be further met in the short to medium term, including in relation to the price stability and the need to further amend the legal framework. However, these reports contain also many good news for Bulgaria that will be the focus of the current research.

• Details
• Contents