There is no reason to change the existing BGN/EUR exchange rate, the Bulgarian National Bank (BNB) stated. There have been no talks between representatives of the BNB and the Ministry of Finance on a possible change of the exchange rate, the Bulgarian National Bank added, noting that "such a change is impossible".
Earlier on Wednesday, there were media publications about the existence of a report that talks about such a change. "Such claims about changing the BNG/EUR exchange rate are incompetent and irresponsible," the BNB said. The Bulgarian lev has been pegged to the euro at a rate of 1.95583 leva=1 euro.
At today's meeting, the Bulgarian Council of Ministers approved the establishment of a coordination mechanism for monitoring and control related to the introduction of the euro in Bulgaria. This provides an additional guarantee for a smooth transition..
As expected, the European Commission's convergence report on Bulgaria, published today, confirms that the country is ready to adopt the euro on 1 January 2026, having fulfilled all the relevant criteria, including those related to inflation, BNR's..
The vote in the European Parliament’s Foreign Affairs Committee on the annual report regarding North Macedonia's progress towards EU membership was deferred, BNR’s Brussels correspondent Angelina Piskova reports. The report was removed from the..
As expected, the European Commission's convergence report on Bulgaria, published today, confirms that the country is ready to adopt the euro on 1 January..
The vote in the European Parliament’s Foreign Affairs Committee on the annual report regarding North Macedonia's progress towards EU membership was..
''Today, the European Commission and the European Central Bank categorically stated that Bulgaria meets the criteria for eurozone membership. This..
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