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Eurozone Entry Delay Incurs High Costs, Warns Head of Bulgaria’s National Bank

Speaking at a briefing following a meeting with Croatian Central Bank Governor Boris Vujcic, Bulgarian National Bank (BNB) Governor Dimitar Radev highlighted the significant costs associated with delaying entry into the eurozone. Radev emphasized the importance of political will in the process of joining the Eurozone, noting Bulgaria and Croatia’s joint efforts towards membership since 2018. While Croatia successfully adopted the euro on January 1, 2023, Bulgaria continues to navigate the path towards eurozone accession. …