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.
To mark navy day, the Maritime Museum in Varna is welcoming visitors with an exposition “Maritime rituals and traditions”. The exposition traces different periods in humankind’s maritime history, the most intriguing ritual practices and..
On Sunday the weather will be predominantly sunny. There will be a light, in the Eastern parts to moderate wind from the Northeast. Maximum temperatures 32-37° C., for Sofia around 32° C. Over the mountains there will be sun with a light to..
“I was left with the feeling that the future caretaker premier is being subjected to enormous, I would even say brutal political pressure not to have me as member of a future caretaker cabinet,” said current caretaker Interior Minister Kalin..
Council of Europe Commissioner for Human Rights Michael O'Flaherty said he was "deeply concerned” by the law passed by the Bulgarian..
The sale of 100% of the shares of Gallup International Balkan, a Zurich-based polling agency, has been finalised. The agency is a traditional partner of..
"Within a few days, it is good that Bulgaria will already have a nomination for a new representative in the European Commission, let's not waste time..
Mostly Cloudy
Clear
Partly cloudy, chance of rain