“According to the rules of the Eurozone waiting room, ERM II, there is a 15% margin in which a currency can move and be regarded as stable. We have been asked repeatedly whether the lev-euro exchange rate is fixed, or whether it will move within this margin,” said Vasil Todorov, secretary general of the Bulgarian Chamber of Commerce and Industry, BCCI, for Bloomberg TV Bulgaria.
The lev-euro exchange rate is fixed now, and no changes are expected. The margin is valid for countries where the currency is still moving. According to Vasil Todorova, Bulgaria’s entry into ERM II is a firm guarantee and a signal to investors but this in no way diminishes the state’s mission to attract serious investors.
Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..
The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..
Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..
Two billion euros in additional state guarantees and a concession of the Bulgarian Sports Totalizator are part of changes to the draft..
On Wednesday , the lowest temperatures will be between 3 and 8°C. In the regions with strong wind it will be up to 10-12°C. In Sofia it..
Illegal migrants from Syria, Iraq and Iran have been discovered in Sofia, and ten members of an organised criminal group have been arrested , Deputy City..
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