Bulgaria stands only to benefit from joining the eurozone. All available data indicates that, following a country’s accession to the eurozone, incomes tend to grow at a faster pace.
This was stated by the Minister of Economy and Industry, Mr Peter Dilov, in an interview on bTV’s programme Face to Face.
Dilov pointed out that Bulgaria’s credit rating is expected to improve and that the country will also eliminate annual currency conversion costs amounting to nearly one billion leva.
“The backbone of the Bulgarian economy is made up of small and medium-sized enterprises, and they will be the biggest beneficiaries of eurozone membership. Their ability to trade will improve. Citizens will not become poorer – they will become wealthier,” he assured.
According to him, countries within the eurozone enjoy a higher standard of living and are more attractive to foreign investors.
“We are extremely fiscally disciplined. We rank second in terms of the lowest external debt,” said the Minister of Economy.
Dilov noted that Bulgaria’s economy is in very good condition, with GDP growth reaching 3.1% on an annual basis.
“We have also seen a 27% increase in foreign direct investment since the beginning of the year,” he added.
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