Expert: Bulgaria Lags Behind Romania on Road to Eurozone Accession

      Published on Saturday, 2 May , 2015      166 Views     

  • Bulgaria-EU

ExpertProfessor Tatyana Hubenova from the Bulgarian Academy of Sciences (BAN) said that the country is considerably lagging behind Romania on the road of accession to the Eurozone.

According to her, the accession to the Eurozone will guarantee better banking supervision and financial stability, daily Sega reports.

Hubenova pointed to the Romanian central bank’s focus on financial education in the time of crisis and preparation of the country for adoption of the euro.

In her words, Romania was already undergoing stages of greater harmonisation with the requirements for accession to the European Banking Union.

Hubenova added that Romania was also performing well in terms of monetary stability and financial literacy.

Romania set out a goal to accede to the Eurozone in 2020.

The Bulgarian government already expressed a wish for the country to enter the “waiting room” of the Eurozone.

Several years ago, Bulgaria was fulfilling the technical criteria for accession to the Eurozone – government budget deficit below 3 %, inflation below 2 % and government debt-to-GDP ratio below 60 %.

However the EU has additional requirements for Bulgaria, including the financial education.

As regards the technical criteria, Bulgaria is currently not fulfilling the government budget deficit criterion, which exceeds 3 %.

Category Bulgaria-EU | 2015/05/02 latest update at 10:48 PM
Source : | Photocredit :
Comments Add comment

БГ Медия - Медия за Българите в Лондон
Bulgarian Business Club

Related Articles

The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.

Sponsored Publications