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.
The Ministry of Finance and the Bulgarian National Bank are organizing a high-level conference today titled ''Bulgaria on the Doorstep of the Eurozone''. It will be held at the Boyana Residence and is part of the communication campaign for introducing..
On Tuesday , the lowest temperatures will be between 8 and 13°C; in Sofia - about 8°C. During the day, it will remain cloudy. There will be rainfalls in some places. The highest temperatures will be between 10 and 15°C; in the..
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation, education and tourism. Our country can become more visible by restoring its positions and building..
North Macedonia has still not adopted the necessary constitutional amendments aimed at including Bulgarians and other non-majority communities in the..
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation,..
On Tuesday , the lowest temperatures will be between 8 and 13°C; in Sofia - about 8°C. During the day, it will remain cloudy. There..
Overcast, rain
Rain