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Countdown Begins: Bulgaria Faces Five-Month Challenge to Meet Eurozone Entry Criteria

Bulgaria is on a tight five-month deadline to fulfill the prerequisites necessary to join the eurozone by January 2025, revealed Deputy Minister of Finance Ivaylo Yajdjiev on January 19. The primary criteria involve lowering the inflation rate and adopting the BNB law to align Bulgaria’s central bank with European standards. As of December, the average inflation rate in the eurozone was below 3%, while Bulgaria reported 5%….