Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tears and champagne as commercial flights resume between Ethiopia and Eritrea

Read more

THE INTERVIEW

UN warns of 'conspiracy of complacency' in fighting HIV

Read more

MEDIAWATCH

Nicaragua: another descent into dictatorship?

Read more

THE DEBATE

Nicaragua's Boiling Point: Americas divided over Ortega's crackdown

Read more

FRENCH CONNECTIONS

What the World Cup win means for France

Read more

MIDDLE EAST MATTERS

'Nation-state' bill sparks controversy in Israel

Read more

FOCUS

Young women in China go under the knife to improve job prospects

Read more

ENCORE!

Film show: Why we love 'Ant-man and the Wasp'

Read more

BUSINESS DAILY

Brussels to slap $5 billion fine on Google

Read more

Bulgaria edges closer to joining euro

© AFP/File | The European Commission and the European Central Bank (ECB) said an evaluation of Bulgaria's possible membership in the eurozone could be completed in "around a year"

BRUSSELS (AFP) - 

Bulgaria, the European Union's poorest country, moved a step closer to joining the euro on Thursday.

After a meeting of eurozone finance ministers in Brussels, the European Commission and the European Central Bank (ECB) said an evaluation could be completed in "around a year".

"The European Commission welcomes Bulgaria's efforts to join the eurozone," Latvian Valdis Dombrovskis, Vice President of the European Commission told a news conference.

"We might expect the ECB to complete its overall assessment in around a year," added members of the eurozone in a statement.

Finance Minister Vladislav Goranov said earlier this year that with one of the lowest debt levels in the EU, fiscal surpluses and manageable inflation, Bulgaria met all the criteria for joining the euro.

Prime Minister Boyko Borisov said in April Bulgaria hoped to enter the two-year "waiting room" to join the euro within a year.

© 2018 AFP