Posted by Balkan Periscope - Hellas
Sept 24, 2023.
Sofia.
Bulgaria will include January 1, 2025 in an official document as a target
date for its euro zone membership, it transpired from a draft decree of the
Council of Ministers amending and supplementing Government Decree No. 168 of
July 2015 on the establishment of a Coordination Council for the preparation of
the Republic of Bulgaria for euro zone membership.
The document has been published for public discussions on the government website strategy.bg. The closing date of the public discussions is October 23, 2023.
The draft amendment proposes the adoption of regulatory changes to the
Council of Ministers' Decree No. 168 of 2015 "in order to create
preconditions for more effective and timely coordination of the management and
implementation of the Republic of Bulgaria's preparations for euro area
membership with a view of meeting Bulgaria's objective to introduce the euro
from the new indicative date of January 1, 2025."
A proposal is made to update the functions and leadership of some of the
working groups of the Coordination Council, and the formation of a new
Government Securities subgroup under the Macroeconomic Analysis and Public
Finance working group, which will be responsible for adapting the legal
framework and systems for dealing with government securities from BGN to EUR,
the website said.
(BTA)