The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper rate – at 2.24920, with the standard 15% margin around the central rate. Bulgaria joined ERM II with its existing currency board in place, with the lev pegged to the euro at a rate of 1.95583:1. The ECB evaluates the currency board exchange rate as adequate and sustainable without setting down any additional requirements.
Banks have invested 400 million leva in preparing their systems for a smooth transition to the euro , announced Petya Dimitrova, chairwoman of the Association of Commercial Banks. She also recalled some of the benefits of the transition to the single..
Hundreds of people sent Marin Marinov, the UN employee who died in Gaza, on his last journey . The service at the St. Nicholas Church in Yambol was attended by his relatives, friends and colleagues from the world organization, as well as representatives..
Bulgarian President Rumen Radev, Prime Minister Rosen Zhelyazkov and political and religious leaders congratulated the Muslim community in our country on the occasion of the great holiday of Ramadan Bayram. “Our far-sighted ancestors have..
Today is the last day of operation of Bulgaria's second largest coal-fired power plant, ContourGlobal Maritsa East 3 TPP. From tomorrow, 130 of the..
The increase in vignette prices will take effect on May 1, while the new higher toll fees for heavy goods vehicles and buses will take effect on April 1..
The sea waves have pushed the oil ashore, which was released by a ship in the waters near Varna on the morning of March 31. The pollution was localized..
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