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.
Bulgarian virtual influencer Ahinora made her debut in the European Parliament, greeting MEPs. Ahinora is the first Bulgarian avatar, and now an influencer, generated by artificial intelligence, the European Parliament’s press service announced...
For the past two decades, Bulgarian media outlets based abroad have gathered at an annual event organised by the Bulgarian Telegraph Agency (BTA). This year marks the 20th edition of the event, known as the World Meeting of Bulgarian Media, which will..
Minister of Tourism Miroslav Borshosh held a working meeting with his Croatian counterpart, Tonci Glavina, in Zagreb this week , the Ministry of Tourism announced today. The conversation focused on the potential advantages of adopting the euro for..
Strengthening bilateral economic cooperation between Bulgaria and Italy, participation in joint defense projects and achieving peace in Ukraine were the..
The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National..
Led by Prime Minister Rosen Zhelyazkov, the Bulgarian delegation is visiting Rome and the Vatican on 22 and 23 May 2025. Traditionally held on the eve of..
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