Bulgaria’s National Assembly tasked the government with speeding up the process of adopting the single European currency on January 1, 2024 and set the exchange rate at 1,95583 Leva for 1 Euro. The proposal was put forward by the largest Parliamentary group GERB/SDS. 157 MPs voted in favour, 28 MPs voted against and 23 MPs abstained.
The Parliament’s decision tasks the government and the Bulgarian National Bank with speeding up the consultations and negotiations with the European institutions and the euro area countries on Bulgaria's accession to the eurozone.
The Bulgarian Socialist Party and "Vazrazhdane" party expressed concerns that the euro might not be adopted at the current exchange rate, which was introduced by the Currency Board. However, the majority of MPs rejected these speculations during the discussions.
One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes..
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and..
Cloudy
Cloudy
Mostly Cloudy