Sofia hopes to join the single currency in 2025, but the political difficulties of recent years make this unlikely.
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00:00Concerns are growing over political instability in Bulgaria, which could disrupt several ongoing
00:07negotiations and dossier with the European Union.
00:11Following Monday's announcement of early parliamentary elections, the seventh in three years, questions
00:17have been raised on the next Bulgarian commissioner, an appointment due by the end of the month
00:23at the latest.
00:25I expect, in fact, these election battles, which began in the National Assembly from now on,
00:32expecting SNT to enter the next elections, to have a reflection on the election of the
00:39European Commissioner.
00:40Therefore, in my opinion, it is most likely that we will reach the decision of the current
00:46European Commissioner, Mrs. Eliana Ivanova, to be the new candidate.
00:51Also on the front burner is Bulgaria joining the Eurozone.
00:57Sofia hopes to join the single currency in 2025, but the political difficulties of recent
01:04years make this unlikely.
01:06The plan was for Bulgaria to join the Eurozone first of January 2025.
01:12This now seems to be an illusive target.
01:17There was no positive report by the European Commission.
01:22The target hasn't been met.
01:26And the caretaking government probably won't have the political muscle to bring those figures
01:34into control.
01:37Bulgaria could also face problems in obtaining the funds allocated to it as part of the European
01:43Recovery Plan following the COVID-19 pandemic.
01:47The payments come with conditions that governments must meet.