If the Bulgarian banks pass successfully the stress tests and the asset quality review, this country will be able to apply for the ERM2 mechanism in the beginning of July this year. The average stay in the Eurozone waiting room is two years and then the applicant countries usually need another year to prepare for the introduction of the European single currency. Bulgaria can adopt the Euro no earlier than January 1, 2022, this country’s Minister of Finance Vladislav Goranov announced. Minister Goranov attended a discussion in Sofia themed Bulgaria’s Path to the Eurozone. Valdis Dombrovskis, Vice President of the EC in charge of Euro, Social Dialogue, Financial Stability, Financial Services and Capital Markets Union and MEP Eva Maydell also took part at the forum.
Bulgaria’s position on the Gaza Strip remains unchanged. The priority is direct dialogue with Israel, aimed at improving the humanitarian situation in Gaza and achieving a lasting peace based on the two-state solution, the Bulgarian Ministry of..
Bulgaria’s National Assembly has passed, at second reading, amendments to the Road Traffic Act. Municipal cameras and those from the national toll system will now be used to detect speeding violations. The changes allow for the introduction of..
Bulgaria retains 13th place in the Henley Passport Index, having climbed 8 positions over the past 10 years, according to the website of the London-based citizenship and residency consultancy Henley & Partners. The Henley Passport Index ranks 199..
According to forecasts by industry representatives, the introduction of the euro is expected to impact property prices in Bulgaria . Some predict price..
By the end of the second quarter of 2025, a net monthly income of BGN 2,748 (€1,331) is required to support a household of two adults and a child under..
The District Prosecutor's Office in Stara Zagora is investigating the death of Todor Slavkov, grandson of the late communist dictator Todor Zhivkov ...
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