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.
The provision of assistance to Ukraine is proceeding according to schedule, caretaker Minister of Defense Atanas Zapryanov said in the town of Pazardzhik. "So far, the packages voted by the government have been dispatched. The last package, which..
Slovakia's Prime Minister Robert Fico was shot this afternoon after a government meeting in the town of Handlova, about 180 km from Bratislava. A post on Fico's Facebook profile indicates that the prime minister is in life-threatening condition...
The government will provide EUR 19.9 million (BGN 39 million) in additional funding to increase the salaries of academic staff in state universities from 1 January 2024. The decision was made after the lecturers threatened to go on strike on May 20...
Household electricity prices could go up by less than 30% as of 1 July, 2024, Energy Minister Vladimir Malinov announced at a briefing at the Ministry..
More than two years ago, Russia’s Gazprom Export suspended gas deliveries under the contract with Bulgaria’s Bulgargaz. Russia suspends natural..
The Constitutional Court has rejected the request by President Rumen Radev to rule that the termination of Lukoil’s concession of oil port Rosenets is..
Mostly Cloudy
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder