Boyko Borissov, the head of the GERB party and a former prime minister, congratulated Bulgaria on joining the eurozone. The Bulgarian National Bank began preparing for the minting of Eurocoins on Tuesday. According to the Bulgarian National Bank, the EU Council must make the ultimate decision (BNB).
“Today, another step was made in that direction,” stated Borissov. The goal of Bulgaria joining the Eurozone at the start of 2024 has been moved closer with the signing of the Memorandum of Understanding on the Production of Eurocoins.
Borissov congratulated Commissioner Paolo Gentiloni, EC Vice President Valdis Dombrovskis, and Eurogroup President Pascal Donahue for their productive collaboration. He commended the Bulgarian National Bank and the official government for maintaining this national priority that they had received from the previous administration.
GERB’s suggested resolution to expedite negotiations was welcomed by the parties with representation in the Parliament. According to Borrisov, “When something is significant, we can only do it collectively.”
Numerous Bulgarian residents protested in front of the European Commission building in Sofia following the parliament’s decision to allow Bulgaria to join the eurozone.
The protest was organised by the Vazrazhdane political party in opposition to the introduction of the euro in Bulgaria and in support of the Bulgarian lev.
They believe that the introduction of the Euro could lead to higher inflation in Bulgaria, as happened to another country after it joined the Eurozone. They pointed out that Bulgaria’s economy is already suffering from high inflation and energy prices, and that switching from the leva to the euro could make matters worse.
Protesters gathered in front of the Euro Commission building in Sofia during the demonstration and yelled anti-European chants while throwing eggs at the structure.