18.11.2024 Delyana Ivanova: Adoption of the euro will make the Bulgarian economy more competitive

Increasing the competitiveness of the Bulgarian economy, and thus the quality of life and well-being of the people, is among the most expected benefits of Bulgaria's accession to the euro area. This was stated by Delyana Ivanova, Chairperson of the Supervisory Board of the Bulgarian Development Bank (BDB) during the 10th Annual Monetary and Economic Conference, part of the Euro Currency Week, held at the University of National and World Economy (UNWE) today.
The adoption of the euro will give a boost to the re-industrialisation process the Bulgarian Development Bank has been an engine for in recent months, Delyana Ivanova added.
In her words, increasing the competitiveness of the Bulgarian economy goes through attracting investments, and thus creating jobs, as well as through technology development, automation, digitalization, digital transformation and sustainability. She maintains that if all these activities are properly promoted, they will help achieve a more favourable economic environment in Bulgaria.
As a government instrument to implement public policies, the Bulgarian Development Bank will have an increased involvement in this process. The Bank focuses on developing programmes aimed at overcoming regional imbalances, reducing inequalities and improving the quality of life and well-being of the people.
BDB also sees its role in terms of increasing labour productivity and income equalisation, a criterion on which Bulgaria still lags behind, as Delyana Ivanova explained.