Simeon Dyankov

Former Finance Minister Simeon Dyankov has expressed concerns about Bulgaria's eurozone prospects, warning that the country may be moving away from joining for years, potentially indefinitely. Speaking to Bulgarian National Radio, he suggested Bulgaria's timeline has shifted at least two years forward, potentially targeting 2029.

Simeon Dyankov, a former finance minister, expressed that the Bulgarian economy is performing reasonably well, although discussions regarding the macro framework for 2025 are currently stalled due to the absence of a functioning parliament and government. He noted that finance minister Ludmila Petkova has called on politicians to outline necessary budget measures and determine the deficit.

Simeon Dyankov, former Minister of Finance from GERB, predicts that Bulgaria is not yet ready for the Eurozone and will most likely adopt the euro on January 1, 2027. He explained to "Nova News" that the convergent report on the adoption of the euro will be released next week. "We will know the Eurozone report next week. We know the results now - we are not ready yet.

A recent survey conducted on our Facebook page has shed light on public sentiments regarding Bulgaria's potential accession to the Eurozone.

Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026 at the earliest. In his assessment, he outlined the necessity of a well-functioning government and an effective information campaign to facilitate this transition.

In a dramatic turn of events during the National Conference of GERB in Veliko Tarnovo, Boyko Borissov, the leader of the party, has issued a strong ultimatum, signaling a potential rupture in the political coalition known as the 'assembly.' The central point of contention is the dissatisfaction with the proposed state budget, as GERB demands significant revisions and sets conditions for their c

World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday.

Bulgarian recovery and sustainability plan is inadequate, but must be submitted to the EU in time, warned Simeon Dyankov and Milen Velchev, former financial ministers.

Both former finance ministers were adamant that prompt revision of the budget is necessary. According to Dyankov, the goal should be to see what is the real state of the national budget.

"Three or four difficult months are in store for the Bulgarian economy. Our major trading partners - Britain, Germany, France - are introducing severe ant-epidemic measures and this will affect all sectors of our economy. The difficulties of vaccination are mounting. Investments in Bulgaria last year shrank by 60%.

Under this title Financial Times published an article of the political corruption and growing populist nationalism in Bulgaria under the government of PM Borisov and his ruling party - GERB.