Assen Vassilev assures that Bulgaria will enter the euro in 2025
Finance Minister Asen Vassilev announced over the weekend that Bulgaria is on target to adopt the euro in 2025. He maintained that all forecasts of the European Commission and the European Central Bank show that the last criterion that Sofia has not met - inflation, will be covered this year, and this would open the door to Eurozone membership in 2025.
Vassilev linked the adoption of the euro to a stable political environment and the ongoing work of a regular government. Therefore he expressed optimism that the looming rotation in March would go ahead as planned.
Peevski and Chakаrov to rule MRF
The Magnitsky-sanctioned MP Delyan Peevski is now officially co-leader of the pro-Turkish MRF party. He will share party power at the top of the movement with MP Jevdet Chakarov. The two were unanimously elected at Saturday's MRF national conference in Sofia.
This is the first MRF forum since the establishment of the party which the honorary chairman Ahmen Dogan did not attend.
Unicredit Bulbank expands on mutual funds asset management
Unicredit Bulbank has added some of the world's leading asset managers to its portfolio. Through its onemarkets fund platform, the bank already offers 14 sub-funds of Fidelity, BlackRock, JP Morgan, Allianz, Pictet, PIMCO and Amundi. The bank also plans to increase the number of funds in the future.
The Bulgarian market of mutual funds and investment services has shown good progress recently, but a large part of those is still distributed by a small number of Bulgarian and foreign management companies, without some of the biggest global players.
On Monday, the bank introduced two of the funds - the balanced onemarkets Pictet Global Opportunities Allocation Fund C and the equity-investing onemarkets Fidelity World Equity Income Fund.
