Open AccessImpact of Bulgaria’s entry in the euro area for the banking and real sectors in the republic of Bulgaria and in particulary for the telecommunications industry
Author(s) -
Joseph Avramov
Publication year - 2021
Publication title -
godišnik telekomunikacii/godišnik na departament telekomunikacii
Language(s) - English
Resource type - Journals
eISSN - 2534-854X
pISSN - 2367-5039
DOI - 10.33919/ytelecomm.20.7.6
Subject(s) - bulgarian , accession , business , payment , currency , manufacturing sector , european union , international trade , international economics , economy , economics , finance , philosophy , linguistics , monetary economics
The publication analyzes the advantages of the entry of the Republic of Bulgaria into the ERM 2 currency mechanism and the banking union. The first part indicates the benefits for our country for the banking sector of the Bulgarian economy, respectively for facilitating the payments of companies and citizens. The second part of the publication refers to the advantages for the real sector of the Bulgarian economy, respectively for the Telecommunications sector. In conclusion, some not very significant shortcomings are indicated, which will occur after Bulgaria's accession to the euro area.