“I just got an idea regarding the fact that the Lev is pegged to the euro: the Chinese Yuan is a good currency too. You might start thinking along those lines. And the market is enormous,” said Russian Prime Minister Dmitry Medvedev before his departure from Sofia.
His words came after the comment by Russian Economy Minister Maxim Oreshkin who said that the Bulgarian tourist products are more expensive than competitive products because of the currency board and the stable rate of the Bulgarian Lev.
On his part Prime Minister Boyko Borissov said that Bulgaria was proud of the stable Lev and the fact it is pegged to the Euro, and that we expected to be invited into the Eurozone waiting room in June.
It will be mostly cloudy on Sunday. Light rain is in the forecast for some parts of the country. There will be low visibility in many Bulgarian regions in the morning hours. There will be light easterly and northeasterly wind. The lowest temperatures..
In a resolution, European liberals call for the simultaneous accession of Bulgaria, Romania and Croatia to Schengen. The document, voted at the ALDE Council in Bratislava, notes that the three countries fulfil the necessary criteria for joining..
Vice President Iliana Iotova called on politicians not to turn the Netherlands ’ decision to block Bulgaria for Schengen into an argument for new internal political clashes. "I think that the best and most definitive reaction was made by..
At a sitting of the National Assembly that dragged on for 18 hours, the MPs voted (with the votes of GERB-SDS, the Movement for Rights and Freedoms and..
The government of the Netherlands has decided to block Bulgaria's admission to the Schengen area, the Netherlands Broadcasting Corporation announced ...
The lights were lit last night on a 10-metre Christmas tree in front of the National Theatre building in Sofia. The ceremony was accompanied by a show..
Scattered showers
Cloudy