euro

After the summer recess, the Bulgarian Parliament rushed to change the rules for electing the chair of the National Statistical Institute (NSI). However, under the pretext of improving independence, this is simply an attempt to remove an inconvenient director who refuses to comply with the demands of political parties and institutions, even when they are contrary to the legislation and principles on which the statistical institute is based.

European policymakers and large exporters are increasingly uneasy about the euro’s rise — particularly against the U.S. dollar. But this concern is misplaced. Like arguments for tariffs, it mistakes accounting effects for economic damage. A stronger euro does not weaken Europe; it strengthens it.

The concept of a digital euro is rapidly moving from theory to reality, yet its fundamental purpose remains ambiguous. Proponents argue that it could enhance financial security, expand access to banking services, and bolster geopolitical independence. However, the sheer variety of justifications raises a critical question: is any single argument compelling enough to warrant its creation?

Few things stir the public sphere as much as the controversial subject of the adoption of the euro in the Czech Republic. Although one side of the debate always vehemently puts forward arguments in favor of adopting the single currency, while the other side points out the unmissable pitfalls of the euro, one crucial economic argument seems to be continually neglected.

2004 was a historical moment that welcomed Central Europe back after an era of Soviet yoke. The accession required great effort from all parties involved and, despite many obstacles, it was deemed a success. Yet, integration remains incomplete with respect to membership in the Schengen Zone and Euro Area.

Poland pledged to adopt the Euro when it joined the European Union in 2004. The adoption of the common currency will have a significant impact on the country\'s future and will define our position in Europe. It should be noted that entry into the Eurozone is not only an economic issue but also a major political and social change.

In recent months, the topic of budget deficits has taken center stage in heated debates among economists and politicians, garnering significant attention in the media. In April, the caretaker government proposed a budget with a notable deficit of 6.1% of GDP for 2023. In June, Finance Minister Asen Vasilev proposed a new budget with a negative balance of 3%, which is right at the limit for fiscal stability as set in the Maastricht criteria of the European Commission.

\"Road to Euro\" is a Polish nationwide campaign kicked off in mid-2022 and run by the Economic Freedom Foundation. The campaign\'s main purpose is therefore to start an intensive debate on Poland\'s accession to the eurozone, inform about the benefits of adopting the common currency, as well as prepare recommendations for necessary reforms and initiate the process of joining the eurozone.

Poland has been a member of the European Union since 2004, but has not decided to join the monetary union yet. Have Poland benefited or lost from this decision? For the last two years, starting from the COVID-19 pandemic, the Polish zloty, like other currencies of Central European countries, has been significantly depreciated.

The 20th anniversary of the euro was marked by an increase in price inflation. In the euro area, annual consumer price inflation reached 5% in December 2021. Lithuania recorded the highest rate of 11%.