“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.
3,314 foreign students are studying in Plovdiv. The largest share are foreign students studying to become doctors and dentists at the Medical University – 2,577. They are from 68 countries, with the largest number coming from UK,..
The news and concerts broadcast by the Bulgarian National Radio (BNR) are the most listened to by the audience. This is indicated by a representative study by "Alpha Research" commissioned by the Council for Electronic Media and..
In the first quarter of 2025, GDP grew by 3.1% compared to the first quarter of 2024 and by 0.6% compared to the fourth quarter of 2024, the National Statistical Institute announced. Converted into euros, GDP is 23.324 billion..
According to data from the Ministry of Labor and Social Policy, the average salary in Bulgaria during the first quarter of 2025 amounted to 2,443 BGN..
''Today, the European Commission and the European Central Bank categorically stated that Bulgaria meets the criteria for eurozone membership. This..
Joining the Eurozone, which includes 20 major European economies, will have an impact for the next 10, 20, 30 years, Bulgaria’s Premier Rosen..
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