BAS economists: Bulgaria meets all criteria for joining the euro area on 1 January 2026
The short-term forecast in the Annual Report of ERI at BAS is for GDP to grow at a rate of around 2.5-3.5% per year, driven mainly by European investment and domestic consumption. Inflation in Bulgaria in the past 2024 slowed down to 2.2% which brought our country closer to meeting the Maastricht criteria for euro area membership. This is stated in the regular Annual Report "Economic Development and Policies in Bulgaria: Evaluations and Prospects" of the Economic Research Institute (ERI) at the Bulgarian Academy of Sciences. The report examines the state and development of the global and national economy in 2024 and presents projections for economic development over the medium term to 2027. According to it, inflation continues to be [...]