“The adoption of the euro will reduce currency risk and protect the economy from speculative pressure, increase investor confidence and deepen financial integration”. This was stated by the Governor of the Bulgarian National Bank, Dimitar Radev, quoted by Nova TV.
A Memorandum of Cooperation was signed today at an official ceremony between the Bulgarian National Bank and the Association for Modern Trade. The document was signed by the Governor of the Bulgarian National Bank, Dimitar Radev, and the Executive Director of the Association, Nikolay Valkanov. The ceremony was also attended by the Deputy Governors of the BNB, Petar Chobanov and Radoslav Milenkov, as well as representatives of the management of the Association for Modern Trade.
„The signing of this memorandum with the Association for Modern Trade, which represents the large retail chains in the country, is of great importance for the implementation of a number of activities regarding the information campaign for the euro and for overcoming people's fears related to speculative price increases. I believe that both the BNB and the banking sector are very ready to join and work in the conditions of the eurozone, and business is also making the necessary preparations in this direction and this memorandum will be useful in this direction as well”, said Dimitar Radev.
„I thank you on behalf of the Association for Modern Trade for the high trust and the honor of signing a memorandum of cooperation with the most stable and respected institution in the country and taking the last steps together on Bulgaria's important European path”, said Nikolay Valkanov. “The large retail chains that the Association for Modern Trade represents are fully aware of their role and the enormous responsibility they bear in the coming months, especially in the period of dual circulation of the lev and the euro, and are ready for it. The retail chains have been working in this direction for a long time, they have international experience and I can assure you that they will be the place where consumers will feel most calm and secure about their rights and interests”, said Valkanov.
After the ceremony, a meeting was held between the managements of the two institutions, at which future joint initiatives in the context of joining the eurozone were discussed.