Bulgaria Should Make Some Vital Structural Reforms before Joining the Eurozone: Lachezar Bogdanov
The Eurozone will perhaps not receive new member states soon, but being EU member Bulgaria has the obligation to prepare for membership in the currency union, economic expert Lachezar Bogdanov from Industry Watch told Bulgarian National Radio. In his view, Bulgaria must have effective institutions encouraging the country’s economic development and the free movement of goods, capital and services. For the purpose, the country should make some vital structural reforms on the labour market, in the education field, etc., Lachezar Bogdanov further said. In his words, many Bulgarians are not included in the county’s education system; moreover, a lot of people receive low-quality education. The investment climate in Bulgaria should improve, i.e. the country should speed up the administrative procedures, the judicial system must be effective and taxes should be attractive for those who invest in that country, Mr. Bogdanov contends.
BNR