“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.
Thirty teams from 5 countries will vie for the trophy of the 16 th edition of the cup of the football tournament St. Nikola (St. Nicolas) – patron saint of the seaside city of Burgas, and of sailors, the Bulgarian news agency BTA reports. The..
On Friday minimum temperatures will range between 14° C., and 18° C., for Sofia 15° C. Tomorrow will be predominantly sunny with a more significant accumulation of clouds in the afternoon over Eastern Bulgaria where there will be occasional rain..
“We are witnessing an intensification of the Russian hybrid war against Bulgaria,” Assoc. Prof. Momchil Doychev, co-chairman of the Atlantic Council in Bulgaria said at a press conference, the Bulgarian news agency BTA reports. “This war is..
Bulgarian citizens in the territory of the State of Israel are advised to remain calm, strictly adhere to the instructions of the Israeli Civil Defense ,..
According to a survey by sociological agency Sova Harris conducted in June, the government’s information campaign on the country’s entry into the..
“The military conflict between Israel and Iran is a threat to the security of the entire region,” said PM Rosen Zhelyazkov and expressed the hope..
Partly Cloudy
Mostly Cloudy
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain