Latest news with #NataliyaKiselova
Yahoo
13-05-2025
- Business
- Yahoo
Bulgarian parliament rejects president's euro referendum proposal
(Reuters) - The speaker of the Bulgarian national assembly Nataliya Kiselova has dismissed President Rumen Radev's proposal for a national referendum on adopting the euro, saying it violated the constitution, the BTA news agency reported on Tuesday. On Monday, Radev had suggested a referendum on Bulgaria's plans to adopt the euro next year with the question: "Do you agree that Bulgaria should introduce the single European currency 'euro' in 2026?" His proposal was criticised by the government, with one minister saying it was an attempt to sabotage its efforts to join the single currency. Sending back the proposal, Kiselova said it did not comply with several articles of the Bulgarian constitution and related European Union treaties, and was inconsistent with rulings from the country's constitutional court. The constitutional court has previously rejected a petition for a referendum on joining the euro. The government aims to adopt the euro next January, pending confirmation from the European Commission and the European Central Bank in June that all membership criteria have been met. Economists say that Bulgaria, whose lev currency has long been pegged to the euro, would attract more foreign investment if it adopted the single currency and would secure credit ratings upgrades that could cut its debt financing costs. However, Bulgarians are split on the euro's adoption, with concerns that it might lead to price hikes, similar to what occurred in Croatia when it switched to the euro in 2023.
Reuters
13-05-2025
- Business
- Reuters
Bulgarian parliament rejects president's euro referendum proposal
May 13 (Reuters) - The speaker of the Bulgarian national assembly Nataliya Kiselova has dismissed President Rumen Radev's proposal for a national referendum on adopting the euro, saying it violated the constitution, the BTA news agency reported on Tuesday. On Monday, Radev had suggested a referendum on Bulgaria's plans to adopt the euro next year with the question: "Do you agree that Bulgaria should introduce the single European currency 'euro' in 2026?" His proposal was criticised by the government, with one minister saying it was an attempt to sabotage its efforts to join the single currency. Sending back the proposal, Kiselova said it did not comply with several articles of the Bulgarian constitution and related European Union treaties, and was inconsistent with rulings from the country's constitutional court. The constitutional court has previously rejected a petition for a referendum on joining the euro. The government aims to adopt the euro next January, pending confirmation from the European Commission and the European Central Bank in June that all membership criteria have been met. Economists say that Bulgaria, whose lev currency has long been pegged to the euro, would attract more foreign investment if it adopted the single currency and would secure credit ratings upgrades that could cut its debt financing costs. However, Bulgarians are split on the euro's adoption, with concerns that it might lead to price hikes, similar to what occurred in Croatia when it switched to the euro in 2023.
Straits Times
13-05-2025
- Business
- Straits Times
Bulgarian parliament rejects president's euro referendum proposal
FILE PHOTO: A worker grabs a pack of 20-euro notes at the Bank of Portugal fortified complex in Carregado, Alenquer, Portugal, May 17, 2022. Picture taken May 17, 2022. REUTERS/Pedro Nunes The speaker of the Bulgarian national assembly Nataliya Kiselova has dismissed President Rumen Radev's proposal for a national referendum on adopting the euro, saying it violated the constitution, the BTA news agency reported on Tuesday. On Monday, Radev had suggested a referendum on Bulgaria's plans to adopt the euro next year with the question: "Do you agree that Bulgaria should introduce the single European currency 'euro' in 2026?" His proposal was criticised by the government, with one minister saying it was an attempt to sabotage its efforts to join the single currency. Sending back the proposal, Kiselova said it did not comply with several articles of the Bulgarian constitution and related European Union treaties, and was inconsistent with rulings from the country's constitutional court. The constitutional court has previously rejected a petition for a referendum on joining the euro. The government aims to adopt the euro next January, pending confirmation from the European Commission and the European Central Bank in June that all membership criteria have been met. Economists say that Bulgaria, whose lev currency has long been pegged to the euro, would attract more foreign investment if it adopted the single currency and would secure credit ratings upgrades that could cut its debt financing costs. However, Bulgarians are split on the euro's adoption, with concerns that it might lead to price hikes, similar to what occurred in Croatia when it switched to the euro in 2023. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Arab News
13-05-2025
- Business
- Arab News
Bulgarian parliament rejects president's euro referendum proposal
Kiselova said it did not comply with several articles of the Bulgarian constitutionThe constitutional court has previously rejected a petition for a referendum on joining the euroSOFIA: The speaker of the Bulgarian national assembly Nataliya Kiselova has dismissed President Rumen Radev's proposal for a national referendum on adopting the euro, saying it violated the constitution, the BTA news agency reported on Monday, Radev had suggested a referendum on Bulgaria's plans to adopt the euro next year with the question: 'Do you agree that Bulgaria should introduce the single European currency 'euro' in 2026?' His proposal was criticized by the government, with one minister saying it was an attempt to sabotage its efforts to join the single back the proposal, Kiselova said it did not comply with several articles of the Bulgarian constitution and related European Union treaties, and was inconsistent with rulings from the country's constitutional constitutional court has previously rejected a petition for a referendum on joining the government aims to adopt the euro next January, pending confirmation from the European Commission and the European Central Bank in June that all membership criteria have been say that Bulgaria, whose lev currency has long been pegged to the euro, would attract more foreign investment if it adopted the single currency and would secure credit ratings upgrades that could cut its debt financing Bulgarians are split on the euro's adoption, with concerns that it might lead to price hikes, similar to what occurred in Croatia when it switched to the euro in 2023.
Bloomberg
13-05-2025
- Politics
- Bloomberg
Bulgarian President's Proposal for Euro Referendum Blocked
Bulgaria's parliament speaker dismissed an initiative by President Rumen Radev to hold a referendum on euro adoption as the nation moves closer to joining the single currency next year. Speaker Nataliya Kiselova rejected the proposal, saying that it violated Bulgaria's constitution as well as a range of European Union treaties, her office said in a statement on Tuesday.
