Позитиви, потенциални рискове и перспективи за МСП при членството на България в еврозоната
Positivities, Potential Risks and Prospects for SMEs in Bulgaria's Membership in the Euro Area

Author(s): Andrey Zahariev
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Business Economy / Management, Governance, Economic policy, EU-Approach / EU-Accession / EU-Development
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Eurozone; SMEs; Euro; Schengen Area
Summary/Abstract: Bulgaria's membership in the Eurozone is a fundamental recognition for the country and an opportunity for every economic operator in it. Achieving the Maastricht compliance criteria at the beginning of 2025 is the result of a favourable combination of a series of factors and actions of the three main economic agents - the government, households and companies. It is among companies that the new currency environment creates the need for an in-depth debate on the positives, potential risks and prospects for business development in the conditions of the Eurozone. On this basis, the report defines SMEs as the object of study in the event of Bulgaria's membership in the Eurozone, and its subject - the positives, potential risks and prospects for SMEs arising from Bulgaria's accession to the Eurozone. The hypothesis tested in the study is the presence of heterogeneous effects on SMEs from the adoption of the single currency "euro" in Bulgaria, which have both positive and risky dimensions, the precise definition and in-depth discussion of which forms new prospects for hundreds of thousands of Bulgarian companies in the highly competitive environment of the Eurozone. The aim of the report is to firstly highlight the expected positives from the Eurozone for Bulgarian SMEs, including taking into account the synergistic effect of our admission to the Schengen area, secondly the possible dangers and risks and finally – to argue business prospects through the prism of a large-scale revaluation of a number of company non-current (long-term) tangible assets, following the positive trends in the real estate market and the construction sector with a specific analysis of data for the last 5 years, sourced from the Registry Agency and the National Statistical Institute.

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