Georgieva says eurozone membership boosts Bulgaria’s security and investment appeal
Kristalina Georgieva, Managing Director of the International Monetary Fund, expressed her satisfaction with Bulgaria’s entry into the eurozone, highlighting that it will make the country more attractive to investors. She praised Bulgaria’s macroeconomic stability and its long-standing fiscal discipline, which have contributed to low unemployment and high growth. Georgieva emphasized that Bulgaria’s success depends on improving competitiveness and achieving higher economic growth, which will lead to higher tax revenues and opportunities for increased public expenditure.
Georgieva also defended Bulgaria’s proposed budget for 2026, noting that a deficit below 3% of GDP and a debt level of 24% position the country well within the eurozone. She stressed the importance of investment for growth, competitiveness, and long-term economic stability.
On broader European issues, Georgieva urged the completion of the EU’s single market, including improvements in company registration, banking, capital markets, labor mobility, and energy markets. She also commented on the evolving global political landscape, emphasizing the need for Europe to build diversified economic relationships and continue its support for Ukraine, both financially and politically.
Georgieva highlighted the resilience of the global economy despite recurring shocks, advocating for more focus on labor productivity and defense investments to ensure long-term competitiveness and security. She reaffirmed the IMF’s commitment to supporting Ukraine and its path toward EU integration.
