“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.
President Rumen Radev and his Turkish counterpart Recep Tayyip Erdogan discussed expanding transport, energy, and digital connectivity between Bulgaria and Turkey during a phone call, the Bulgarian Telegraph Agency reported, citing the presidential..
For 36 years, no government has taken action to preserve the Second Site — the main location of the Belene concentration camp on Persin Island. It remains the most authentic memorial to the thousands of victims of the totalitarian communist regime — and..
Vratsa and its environs have, in recent years, asserted themselves as the economic centre of Bulgaria’s Northwestern region. According to latest National Statistical Institute data, which include 2023, the region of Vratsa is third in the country in..
Protests in defence of the Bulgarian lev and against the adoption of the euro currency are scheduled to take place on May 31 in many cities and towns..
Thousands of citizens have gathered in the center of Sofia to protest against the introduction of the euro . The demonstration is supported by political..
Bulgarian President Rumen Radev , who attended the National Assembly of Sheep Breeders at the Peter and Paul Monastery near Lyaskovets, greeted the..
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