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.
Bulgaria is among the countries with the cheapest labor in the European Union, with low and fixed corporate and income tax. This makes it an attractive destination for many investors with lower business costs. However, foreign..
Teachers will receive two days off if vaccinated against Covid-19. This was announced by the Minister of Education Nikolay Denkov. Denkov added that so far immunized teachers are below 40%, but pointed out that vaccines are not..
On Saturday the weather will be sunny with a temporary increase of clouds, especially in Southwestern Bulgaria where there will be occasional showers. Daytime temperatures will reach 27°-32°, for Sofia 27° C. Over the Black Sea coastline there..
At a sitting lasting more than 6 hours , the Supreme Judicial Council rejected as inadmissible the request submitted by caretaker Minister of Justice..
“Two million people in Bulgaria have been vaccinated and that places the country in last position in Europe in the number of vaccinations, which are..
Meeting the Copenhagen criteria is a prerequisite for the start of EU Membership talks with North Macedonia, President Rumen Radev said at a meeting..
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