Bulgaria has met the last condition to switch to the euro: It has reached a budget deficit of 3%.

Mediafax Previously, one of the conditions was to reach the inflation target, and the last step was to confirm compliance with the EU methodology on public finances for 2024, writes Novinite. The budget deficit recorded by Bulgaria in 2024 was 3 billion euros. This figure corresponds exactly to 3% of the national GDP, aligning with the EU threshold and fulfilling the deficit condition for joining the euro area. Although Bulgaria recorded a budge…

Bulgaria has fulfilled the final condition for joining the eurozone by meeting the budget deficit criterion, Novinite writes. Following the previous achievement of the inflation target, the last step was...