The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper rate – at 2.24920, with the standard 15% margin around the central rate. Bulgaria joined ERM II with its existing currency board in place, with the lev pegged to the euro at a rate of 1.95583:1. The ECB evaluates the currency board exchange rate as adequate and sustainable without setting down any additional requirements.
“Our ambition is for Bulgaria not to be just an exporter of electricity, but for this energy to create added value here.” This was what Minister of Energy Zhecho Stankov said at the discussion “Bulgaria – a regional hub for..
The European Commission and the European Central Bank are expected to publish their convergence reports on Bulgaria’s readiness to adopt the euro on 4 June. If the reports are positive, Bulgaria will be able to adopt the euro on 1 January 2026...
It will be mostly sunn y on Wednesday. Cumulus clouds will develop in the afternoon hours. Brief showers are expected in some places, mainly in the mountainous regions. It will be hot in the lowlands, with maximum temperatures between 30°C and..
More than 2,000 post offices in small towns and villages will exchange Leva for Euro from the day Bulgarian joins the Eurozone, Stanimir Belinov,..
At a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, Prime Minister Rosen Zhelyazkov stressed that the country is..
Poetess, writer and publisher Bozhana Apostolova passed away at the age of 80 at her home in Plovdiv, her son, MP Manol Peykov, announced...
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