European Commission Confirms Bulgaria Meets Inflation Criteria Ahead of Euro Adoption

The European Commission has confirmed that Bulgaria meets the inflation criterion necessary for joining the eurozone, despite some factors in April that caused a temporary rise in inflation. This statement came in response to a report by Politico and was shared with BNR (Bulgarian National Radio). The Commission pointed out that the rise was mainly due to increases in administered prices and taxes - those controlled or set by authorities - such as electricity, pharmaceuticals, waste management, VAT, and tobacco taxes.

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