“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.
On Tuesday minimum temperatures will range from 12° C. to 17° C., for Sofia 12° C. During the day the weather will be predominantly sunny. At around midday and in the afternoon cumulus and cumulonimbus clouds will form mostly over the mountains and..
The Ambassador of the Republic of North Macedonia to Bulgaria Agneza Rusi Popovska has sent a letter of gratitude to the director of the Pirogov Emergency hospital in Sofia Dr. Valentin Dimitrov, expressing gratitude for the rescue of the children and..
National Assembly President Natalia Kiselova expressed the hope that the work of the MPs will not be jeopardized, after the Vazrazhdane leader called on the public to block the work of parliament on Wednesday, the Bulgarian news agency BTA reports...
At a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, Prime Minister Rosen Zhelyazkov stressed that the country is..
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,..
National Assembly President Natalia Kiselova expressed the hope that the work of the MPs will not be jeopardized, after the Vazrazhdane leader called on..
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