Finance Minister Goranov: "Bulgaria Has Covered 20 Per Cent of Its Road to Eurozone"
Wednesday, 18 January 2017
Outgoing Finance Minister Vladislav Goranov said that, in his opinion, Bulgaria has covered 20 per cent of its road to the Eurozone.
Goranov was speaking at the 11th Annual Government Meets the Business Conference here on Tuesday. He is an avowed advocate of Bulgaria's rapid joining of the Eurozone. "The skepticism does not come from this country's reluctance but because of the confusion of the need of structural reforms and increasing confidence in Bulgaria with political criteria," the Finance Minister said, comparing it to BulgariaТs Schengen membership. "This road should be travelled. The current one is the right one," Goranov said, adding that such opinions are also heard from abroad.
In addition to exports and investments, domestic consumption is the largest reserve for sustainable growth, he pointed out.
"Reforms are being carried on in a way that will allow the banking system to drop out as an open issue relevant to Bulgaria's accession to the Eurozone within a year or 18 months," Bulgarian National Bank (BNB) Governor Dimiter Radev said at the meeting.