After consultations with the political forces in parliament, Finance Minister Vladislav Goranov stated that until its entry into the Eurozone Bulgaria will not change the exchange rate of the Bulgarian Lev which is now pegged to the Euro at EUR 1 to BGN 1.95583.
Minister Goranov made this statement with regard to the fears that during the country’s time within the ERM II this fixed exchange rate could be altered. Bulgarian National Bank governor Dimitar Radev commented that, after his meetings with the individual parliamentary groups, he is optimistic that Bulgaria will enter the currency mechanism, and the Eurozone, with the exchange rate currently in place.
On Wednesday there will be sun until midday, then clouds will form over Western and Central Bulgaria and there will be moderate to heavy rain. There is a risk of hail. There will be a strong Northeasterly wind. Daytime temperatures will reach 27° C...
The court allowed the registration of the political parties "We Continue the Change" and "Bulgarian Rise" (Balgarski vazhod). The chairmen of "We continue the change" are the former Prime Minister Kiril Petkov and the former Deputy Prime Minister and..
Bulgaria's caretaker Minister of Tourism, Ilin Dimitrov, is preparing roadtrips to nearby markets (Macedonia, Serbia, Romania, Turkey, Greece) and medium-distance markets (Germany, Czech Republic, Hungary, Poland, the Middle East) . The goal is to..
Accession to the Eurozone and the Schengen area, and organizing the elections abroad on 2 October are the top priorities of the Ministry of Foreign..
The export of arms worth over 1 billion BGN /500 million euros/ is expected to be authorized within days , announced the Acting Minister of Economy..
Bulgaria ranks 67th in terms of military power in the annual "Global Firepower" report that assesses the military power of 142..
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