Dimitar Radev: Money growth - Bulgaria in the eurozone
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Speech by Mr. Dimitar Radev, Governor of the BNB, at the opening of the "Money growth: Bulgaria in the eurozone" conference, organised by Capital newspaper, Sofia, 13 May 2026.
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The current economic outlook for Bulgaria illustrates a complex transition towards euro adoption, grappling with domestic growth supported by consumption and investment against a backdrop of rising inflation and widening fiscal challenges. Per the full note from ing-think, Bulgaria's economy grew by 2.8% in H1 2026, with domestic demand outpacing exports significantly. However, the impact of elevated inflation, expected to average 5.1% in 2026, coupled with a difficult fiscal consolidation ahead, raises questions about the sustainability of this growth momentum.