Bulgaria's preparation for eurozone membership is on track, according to an article by Minister of Finance and Deputy Prime Minister Asen Vassilev in the Bulletin of the Association of Commercial Banks. He does not mention a date for the changeover from the lev to the euro, but previously he repeatedly pointed to January 1, 2024. In the spring, an information campaign to inform citizens and businesses about the upcoming currency change will be launched.“The stability of the financial system will not be threatened", the article reads. Assen Vassilev has also pointed out the key role of banks in economic growth.
Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic..
The son of the US President - Donald Trump Jr. and Gila Gamliel, Minister of Science and Technology of Israel, will participate in a business forum in Sofia on April 27, organized by the global digital asset platform Nexo , the company announced...
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a difficult time for Europe, a time when the world is changing rapidly, when it is more important than ever..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
Bulgaria’s Ambassador to the United States Georgi Panayotov has requested an early end to his term, the Ministry of Foreign Affairs announced. The..
The Israel Defense Forces (IDF) have admitted to mistakenly firing on a UN facility in central Gaza in March, killing an UN staffer, reported BTA...
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