Today the European Commission released its 2018 Convergence Report: Review of Member States' progress towards euro adoption.
The report covers Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden. The document reads that these countries have achieved significant nominal convergence, but none of them currently meet all the formal conditions for joining the euro area. Two of these Member States, Bulgaria and Croatia, fulfill all of the convergence criteria, except for the exchange rate criterion as they are not members of the Exchange Rate Mechanism (ERM II), the EC report reads.
“Bulgaria already fulfills the nominal Maastricht criteria related to price stability, public finances and convergence of long-term interest rates. We welcome the Bulgarian authorities current work towards Exchange Rate Mechanism (ERM II) participation to meet also the exchange rate stability criteria,” Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said.
Cloudy weather with rain and snow On Monday there will be considerable clouds over most of the country, with rain and snow in some parts of Bulgaria. There will be a light, in the Eastern part of the country to moderate Northerly wind...
The most widespread breach ascertained during the verification of the results from the latest election for parliament is connected with the registering of the valid and the invalid votes, Alexander Andreev, former chairman of the Central Election..
“A pair of storks, plus a solitary bird probably awaiting its partner, flew to the two nests next to the Holy Prophet Elijah church at dusk yesterday,” said Mayor Tatyana Georgieva. The village had only just put on their martenitsas , she joked,..
Household electricity prices will not go up with the planned liberalization of the electricity market for household consumers as of 1 July this year,..
Sunday will be cloudy. A cold atmospheric front from the west will bring rainfalls. In the western mountainous regions of Bulgaria,..
On the day of the third boycott of large retail chains their turnover increased by over 1 million euros, according to data from the..
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