Today the European Commission released its 2018 Convergence Report: Review of Member States' progress towards euro adoption.
The report covers Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden. The document reads that these countries have achieved significant nominal convergence, but none of them currently meet all the formal conditions for joining the euro area. Two of these Member States, Bulgaria and Croatia, fulfill all of the convergence criteria, except for the exchange rate criterion as they are not members of the Exchange Rate Mechanism (ERM II), the EC report reads.
“Bulgaria already fulfills the nominal Maastricht criteria related to price stability, public finances and convergence of long-term interest rates. We welcome the Bulgarian authorities current work towards Exchange Rate Mechanism (ERM II) participation to meet also the exchange rate stability criteria,” Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said.
Around 45% of the country's eligible young people voted in the European Parliament elections on 9 June . The data comes from the Youth Participation in Democratic Life project, in partnership with the Centre for Human Resources Development and the..
The National Revenue Agency and the Customs Agency have launched a joint campaign to prevent and combat gambling and drug addiction, the NRA has announced. The efforts of the two tax authorities to target young people in the joint initiative are..
Bulgarian President Rumen Radev will hold a meeting with members of the parliamentary group "We Continue the Change - Democratic Bulgaria" (PP-DB), the press service of the president announced. The conversation will be at Dondukov 2 at 4:00 p.m., on July..
Seven fires are burning in forest areas in the districts of Plovdiv, Haskovo, Kyustendil and Yambol, the Executive Forests Agency said. In..
Caretaker Premier Dimitar Glavchev and the Director of the General Directorate Fire Safety and Civil Protection, Chief Commissioner Alexander Dzhartov,..
Bulgarian politicians and institutions have condemned the assassination attempt on Donald Trump. "We are deeply shocked by the horrific attack on..
Clear
Partly Cloudy