The day in 3 news: Eurozone is almost a reality; State-owned Avtomagistrali is on a highway of profit; Medical students must work in Bulgarian hospitals

The day in 3 news: Eurozone is almost a reality; State-owned Avtomagistrali is on a highway of profit; Medical students must work in Bulgarian hospitals


New convergence report opens door for euro

Bulgaria is set to become the 21st member of the Eurozone, with its entry expected on January 1, 2026, following positive convergence reports from the European Commission and the European Central Bank. The final decision is due in July, but historical precedent suggests no delays. The governor of the Bulgarian National Bank, Dimitar Radev, emphasized the historical importance of this milestone for the country and its political leadership. Supporters view it as a major economic achievement, while critics warn of potential risks.

Regardless of differing opinions, the shift is considered highly significant. However, experts caution not to expect a sudden economic transformation or a crisis immediately after adoption.

Slow progress for more money

State-owned company Avtomagistrali earned more than 78 million levs from work on the Trakia highway last year, representing more than 30% of its total revenue. The company's annual report highlights the poor condition of parts of the Trakia and Hemus highways, suggesting more public tenders may be needed. Repairs on Trakia, which connects Sofia, Plovdiv, and Burgas, are ongoing, and overall income from maintaining major highways doubled in 2024.

The Road Infrastructure Agency remains the company's main client, with both entities under the Ministry of Regional Development. Unlike earlier years, the firm now secures large in-house contracts without competition. However, the report also reveals more than 85 million levs in unpaid certified invoices from 2022.

Medical students must commit to working in Bulgaria

The government has introduced a new policy linking medical school admissions to contracts with approved hospitals. Students admitted under this scheme must sign agreements to work at designated healthcare facilities in Bulgaria after graduation. In return, they will pay reduced tuition or study for free and receive paid internships during their education.

If either party breaks the contract, compensation to the state is required. The aim is to address doctor shortages and ensure more graduates remain in Bulgaria. Education Minister Krasimir Valchev highlighted that Bulgaria leads in foreign medical students and is improving retention rates of local graduates.

New convergence report opens door for euro

Bulgaria is set to become the 21st member of the Eurozone, with its entry expected on January 1, 2026, following positive convergence reports from the European Commission and the European Central Bank. The final decision is due in July, but historical precedent suggests no delays. The governor of the Bulgarian National Bank, Dimitar Radev, emphasized the historical importance of this milestone for the country and its political leadership. Supporters view it as a major economic achievement, while critics warn of potential risks.

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