Central Bank's Governor Dimitar Radev: Bulgaria’s Economy Remains Resilient Despite External and Internal Shocks

Bulgaria’s economy has shown resilient performance amid domestic political turbulence and external shocks, the Governor of the Bulgarian National Bank, Dimitar Radev, said on December 4. According to him, the country’s economic growth is above the EU average, while inflation is normalising and moving closer to levels in the eurozone.

Radev added that the banking sector remains stable, with strong liquidity and high capitalisation, emphasising that these results are largely due to the efforts of Bulgarian businesses. He spoke at an event organised by the Association of Banks to mark Bankers’ Day.

Dimitar Radev, Governor of the Bulgarian National Bank:
“Joining the eurozone is a strategic asset with enormous potential to accelerate the modernisation of the economy, support investment and strengthen the country’s resilience in the face of today’s global risks and geopolitical uncertainty. To harness this potential, we need a predictable political environment.”

Iliana Iotova, Vice President of the Republic of Bulgaria:
“If anyone can say today that Bulgaria is ready to adopt the euro, it is the Bulgarian banks.”

Petya Dimitrova, Chair of the Association of Bulgarian Banks:
“Bulgarian banks will enter the eurozone with more than €107 billion in assets, a loan portfolio of €62 billion and deposits exceeding €83 billion.”