Bulgaria has met all the criteria to enter the ‘waiting room’ of the Eurozone, but we shouldn’t have unrealistic expectations, said Chair of the Association of Banks in Bulgaria Petar Andronov for the BNR. He added that the Bulgarian banking system was in a good condition and had used the last few years of growth, in order to increase and secure its capital. In his words not everyone from the Eurozone member-states had a stable bank system when they adopted the common European currency. However, today and after the bitter lesson of the financial crisis the European Central Bank is much more cautious in regard to the zone’s expansion. Andronov foresaw that upon Bulgaria’s entering of the Eurozone the BGN savings of the citizens wouldn’t be lost, since the fixed exchange rate would be kept. He also excluded any possibility for shocking jump of prices as inflation wouldn’t be serious.
In the modern world, it is no longer enough to know the individual monetary units of countries and to know how their currencies relate to the Bulgarian lev. Converting leva into euros and vice versa is not part of financial literacy in today's extremely..
The Romanian company OMV Petrom, which is part of the Austrian OMV, has taken over as operator of the Han Asparuh perimeter in Bulgaria. OMV Petrom replaced Total Energies as the operator of the Han Asparuh deep water perimeter in Bulgaria, according to..
Bulgaria's GDP per capita, expressed in purchasing power standards (PPS), remains the lowest in the EU, according to preliminary data from Eurostat, the official European statistics agency. In 2023, the purchasing power of European citizens ranges..
In the modern world, it is no longer enough to know the individual monetary units of countries and to know how their currencies relate to the Bulgarian..
The Romanian company OMV Petrom, which is part of the Austrian OMV, has taken over as operator of the Han Asparuh perimeter in Bulgaria. OMV Petrom..
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