“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.
Red paint was splattered in front of the Russian Embassy in Sofia. A video posted on the Facebook page of "BOEC" shows activists of the civil movement unloading paint buckets from a vehicle and spilling the paint in front of the embassy..
"We came out to defend freedom. We will keep fighting. The protest continues on Wednesday", Vazrazhdane leader Kostadin Kostadinov said an interview with BNR. "The protest continues inside the National Assembly. We will resist until the end", the MP..
Despite the ban by the Sofia Municipality, the Lukov March took place under heightened police presence. Participants in the far-right procession gathered on February 22 at Sveta Nedelya Square. They marched to the house of General Hristo Lukov, where..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
On Monday, the lowest temperatures will range from minus 15°C to minus 10°C, higher in Western Bulgaria, for Sofia around minus 4°C. In the morning,..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
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