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In Bulgaria, Villagers Fret About Euro Introduction
Rural Bulgarians fear rising prices amid euro adoption despite economic progress; food prices rose 5% in November, more than double the eurozone average, officials reported.
- Bulgaria will join the euro area as its 21st member, with lev and euro circulating together throughout January, according to official plans.
- Structural weaknesses—high unemployment and poverty risk—help explain village concerns as villagers in small municipalities worry the euro will push up costs amid some 18.7 percent jobless versus 4.2 percent in 2024.
- In Chuprene, shopkeepers display dual prices on hundreds of items, with Nikolova saying, `People see the lower price in euros, get confused, and think I'm lying to them`.
- Authorities warn they must coordinate quickly as the latest short-lived government resigned, and Nikolova said the January switch is 'going to be chaos'.
- Despite economic gains, Bulgaria's GDP rose from around one-third to nearly two-thirds of the eurozone average, while food prices in November increased five percent year-on-year, data show.
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44 Articles
44 Articles
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At the Supermarché vum Bilyana Nikolova to Chuprene, close duerf on the northwest vu Bulgaria, ginn d'President schon a Lev on euro.
·Luxembourg City, Luxembourg
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European Central Bank (ECB) President Christine Lagarde once again highlighted the critical period leading up to Bulgaria's accession to the eurozone. "Only 10 days remain until ... More
Coverage Details
Total News Sources44
Leaning Left3Leaning Right7Center10Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
15%
C 50%
R 35%
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