The importance of euro area membership for Bulgaria was the focus of the meeting of Prime Minister Rossen Jeliazkov with the President of the European Central Bank Christine Lagarde and the President of the Eurogroup Pascal Donahoe. They held talks in Brussels where the European Council is meeting.

Prime Minister Jeliazkov briefed Christine Lagarde and Pascal Donahoe on the budget procedure which was underway in the Bulgarian Parliament. He also highlighted the consistency of the draft 2025 State Budget Law with the medium-term fiscal and structural plan.

“Bulgaria submitted a request for an extraordinary convergence report in February this year when it met the Maastricht criteria for euro area membership. I hope that the efforts of the Bulgarian society over the past decades for fiscal discipline and balanced budgets will yield the expected result”, Prime Minister Rossen Jeliazkov said after the meeting.