site.btaDeputy Finance Minister Dimitrova: Euro Guarantees Stability and Sustainable Growth

“The introduction of the euro is not merely a currency changeover, it is a guarantee of stability, trust, and sustainable economic development,” said Deputy Finance Minister Galia Dimitrova on Friday during a discussion on “The Effect of the Eurozone: Lessons from Member States”, organized by the Economic and Social Council of Bulgaria.

The forum, held at the Council of Ministers, was officially opened by Prime Minister Rosen Zhelyazkov and is part of Bulgaria’s Communication Strategy for the Introduction of the Euro.

Dimitrova highlighted the many significant benefits of adopting the euro. The elimination of currency risk and the reduction in transaction costs will support both businesses and citizens. “We expect an increase in foreign investment, improved national competitiveness, and more favorable financing conditions for the state,” she said.

She also noted that the adoption of the euro will indirectly lead to better performance by public institutions, helping to raise their standards to the level of the most developed EU countries. Furthermore, it will strengthen Bulgaria’s role in shaping Eurozone policy, including in the area of monetary policy.

Dimitrova underscored that Bulgaria has already made significant investments and progress in all areas related to euro adoption. “One of our top priorities is ensuring consumer protection during the currency changeover,” she added.

She reaffirmed the Finance Ministry’s commitment to ensuring a smooth and seamless transition to the euro, noting that the country is now in the final phase of the process and working at full capacity to complete it successfully.