Bulgaria is on its Way to the Eurozone

Bulgaria is on its Way to the Eurozone

''Bulgaria is on its way to the eurozone'', Valdis Dombrovskis, EC Vice-President and European Commissioner for the Euro and Social Dialogue, said at the presentation of recommendations to Bulgaria in the framework of European Semester 2017, quoted by  FOCUS News Agency.
"Firstly I would like to thank the EC representation here in Sofia for organising today's event. There should be such discussions to ensure sustainable growth across Europe. The European Semester seems to be a very good framework to direct the countries’ efforts in this field,” Dombrovskis said.
He pointed at significant imbalances in the economy since 2015, including the high corporate debt. On the other hand, Bulgarian authorities have taken measures in response to recommendations on the pension sector in 2016. There is a high level of outstanding debt. The measures, necessary in the banking sector, should be taken more quickly. Regarding debt collection, things there will also be improved, according to Dombrovskis.
Bulgaria is still facing major structural changes and needs to overcome challenges in the financial sector and insurance. He also mentioned the need of improvement in less developed rural areas, healthcare and public procurement.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.