Bulgaria may miss target entry date into Eurozone, says Prime Minister Denkov

By Ahmet Gencturk

ATHENS (AA) – Bulgarian Prime Minister Nikolay Denkov on Saturday announced that the country may miss its target entry date into the Eurozone, which is January 1 next year.

Speaking with Darik Radio, Denkov, however, insisted that the country's target date for entry into the Eurozone is not "sacred."

“What is sacred is not the date but having a clear direction and working on it. This is good for business, good for citizens, good for welfare, and good for the control of financial institutions,” he said.

The premier, however, stressed that the government is working hard to expedite the accession process.

Denkov said earlier this week at the World Economic Forum in Davos that the only obstacle to Bulgaria's entry into the Eurozone is inflation, which is linked to external factors such as fuel and food prices.