The Economic and Social Council of the Republic of Bulgaria adopted a resolution on Bulgaria's membership of the eurozone.
At its plenary session on Friday, the Council's experts once again agreed that the rapid adoption of the euro represents the only possible, reasonable and effective way out of the Monetary Council regime and recalled that this system was introduced as a temporary, punitive and disciplinary measure under pressure from the IMF in 1997, which is currently applied by an extremely narrow range of countries.
The resolution is part of a series of acts developed by the ESC as opinions on "Accelerating preparations for Bulgaria's accession to the euro area" (2017) and "National plan for the introduction of the euro" (2022), as well as in an analysis on "Impact of Bulgaria's accession to the euro area on economic development, inflation and incomes in the country" of July 2022, developed at the suggestion of the President of the 47th National Assembly.
The ESC stresses that the official documents prepared by the Council were the subject of a number of working and public discussions, including with the participation of the Vice-President of the European Commission, Mr. Valdis Dombrovskis, the President of the 48th National Assembly, Mr. Rosen Zhelyazkov, and representatives of parliamentary political forces, as well as in other forums with the participation of the social partners, the competent state bodies and civil society. In concrete terms, the analysis of the ESC on the expected impact of the adoption of the euro was referred to several times by the Governor of the BNB, Mr Dimitar Radev, during the discussions in the relevant parliamentary committees and at plenary sessions of the 47th and 48th National Assemblies.
