Balgarianovinite.com In the eurozone, the common monetary framework acts as a stabilizing anchor that limits part of the external uncertainty, but this also places greater responsibility on domestic policies, meaning economic stability will increasingly depend on fiscal discipline, structural competitiveness and the efficiency of institutions, Bulgarian National Bank (BNB) Governor Dimitar Radev said at the opening of the “Money Growth: Bulgaria in the Eurozone” conference organized by Capital in Sofia on Wednesday.
According to remarks distributed by the BNB, Radev said inflation in Bulgaria results from the interaction between external shocks and domestic structural factors. External factors create the initial impulse, while internal factors determine its strength and persistence.
He noted that while the eurozone can provide a stable monetary framework, sustainable economic success cannot be imported from abroad.
“Ultimately, sustainable real convergence is not a matter of external environment, but of internal resilience, consistency and trust,” Radev said.
The BNB governor stressed that inflation is not an abstract statistical indicator, as it directly affects incomes, savings, borrowing costs and confidence among households and businesses.
According to Radev, three factors are particularly important: the structure of the economy, the competitive environment, and the fiscal position combined with domestic demand.
He said the Bulgarian economy is currently characterized by a mismatch between a strong financial sector and a weakening fiscal position, reflecting policies in those two areas.
Radev outlined several priorities in the current economic environment, including a stabilizing rather than pro-cyclical fiscal policy, as well as investment in infrastructure, energy connectivity, digitalization, human capital and technological modernization.
“Automatic indexation mechanisms should be discontinued because they permanently embed inflation into the economy’s cost structure,” he said.
Radev also stressed that competition is the main mechanism for price discipline and sustainable economic growth. When competition weakens, inflationary processes become more persistent and difficult to contain.
According to him, the quality of institutions has direct macroeconomic significance, including the effective functioning of competition protection and consumer protection authorities. Eurozone Economic Stability Will Depend on Fiscal Discipline and Institutional Efficiency, National Bank Governor Says 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-05-13 12:00:28 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law