Bulgarian parliament speaker rejects euro referendum proposal

Speaker of Bulgarian parliament Nataliya Kiselova on Tuesday rejected the proposal by President Rumen Radev to hold a referendum on the country's adoption of the euro, the parliament said in a press release, reported Xinhua.

On Monday, Radev submitted to the parliament a proposal to hold a national referendum on whether Bulgarians support adopting the single European currency in 2026.

As grounds for her order, Kiselova said the proposal was inconsistent with specific provisions of the Bulgarian constitution, as well as with relevant treaties and legal acts.

Bulgaria joined the EU in 2007.

In mid-April this year, the country's Minister of Finance Temenuzhka Petkova said that Bulgaria had met all the criteria for euro area membership and was awaiting the drafting of reports by the European Commission and the European Central Bank.