“According to the rules of the Eurozone waiting room, ERM II, there is a 15% margin in which a currency can move and be regarded as stable. We have been asked repeatedly whether the lev-euro exchange rate is fixed, or whether it will move within this margin,” said Vasil Todorov, secretary general of the Bulgarian Chamber of Commerce and Industry, BCCI, for Bloomberg TV Bulgaria.
The lev-euro exchange rate is fixed now, and no changes are expected. The margin is valid for countries where the currency is still moving. According to Vasil Todorova, Bulgaria’s entry into ERM II is a firm guarantee and a signal to investors but this in no way diminishes the state’s mission to attract serious investors.
The introduction of the euro will not affect household electricity prices, Energy Minister Zhecho Stankov told BNR. He added that from the day Bulgaria adopts the single European currency, electricity bills will be recalculated at the legally approved..
President Rumen Radev and Vice President Iliana Yotova will take part this evening in the commemoration of the 149th anniversary of the brave actions of poet and revolutionary Hristo Botev and his chetnicks. The event will take place in Vratsa , the..
The Ministry of Health shared a short video showing what the country's first National Paediatric Hospital (NPH) will look like. This hospital is set to open by 2028, as reported by BTA. The construction will begin in March next year, three months..
Protests in defence of the Bulgarian lev and against the adoption of the euro currency are scheduled to take place on May 31 in many cities and towns..
Thousands of citizens have gathered in the center of Sofia to protest against the introduction of the euro . The demonstration is supported by political..
Bulgarian President Rumen Radev , who attended the National Assembly of Sheep Breeders at the Peter and Paul Monastery near Lyaskovets, greeted the..
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