Bulgaria Should Step Up Reforms Regarding ERM II, Banking Union Accession, CVM - EBRD

Bulgaria Should Step Up Reforms Regarding ERM II, Banking Union Accession, CVM - EBRD

Bulgaria's government should focus next year on further reforms aiming to prepare the country for joining ERM II and the Banking Union, as well as addressing issues raised by the EU’s Cooperation and Verification Mechanism, the European Bank for Reconstruction and Development said on Tuesday. "In particular, the government needs to implement the new anti-corruption law, further improve the independence and efficiency of the judiciary, and step up the fight against organised crime by improving the legislative framework and increasing transparency," the EBRD said in its 2018-2019 Transition Report. The Bulgarian authorities must also introduce a number of reforms as part of the country's bid to become a Eurozone member, including new macro-prudential instruments and amendments to the existing insolvency and anti-money laundering frameworks. Bulgaria's government should also set its eyes on improving business environment through cutting back red tape, retaining qualified workers and improving the skills of the existing labour force.

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.