Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria enters Eurozone "waiting room"

European Central Bank
Photo: Archive

Bulgaria and Croatia have joined the ERM II exchange rate mechanism and the Banking Union, and in the next 3 years the two countries will prepare for the adoption of the single European currency, the European Central Bank has announced. Thus, the euro area may expand with new members for the first time since 2015, when Lithuania became its 19th member. 

"This is a historic act that will be of great importance for the future of Bulgaria", said Bulgarian National Bank Governor Dimitar Radev at a briefing on Bulgaria's accession to ERM II. Finance Minister Vladislav Goranov added that this was equally important to Bulgarias membership in NATO and the EU, and the next logical step would be Bulgaria's accession to the euro zone.

The adoption of the euro as Bulgaria's national currency is possible in 2023. The European Central Bank has set a reference rate for the conversion of the Bulgarian lev into the euro of 1.95583 lev for 1 euro.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Week ends with autumn-like clouds and rain

On Saturday, northwesterly winds will bring cooler temperatures across the country. Cloudiness will be variable to significant, with showers and thunderstorms in the mountains and east. Lows will be between 12° and 20°C, 12° in Sofia. Highs will be..

published on 9/13/24 7:05 PM

Ministers of Culture of North Macedonia and Bulgaria: Culture can be the bridge between us

Bulgarian Minister of Culture Nayden Todorov has met in Sofia with his counterpart from the Republic of North Macedonia, Zoran Ljutkov, the Ministry of Culture reported. The two ministers assessed highly the cooperation between the two countries in..

published on 9/13/24 6:06 PM

"Bulgarian embroidery" dress code for the first day of school in Kardzhali

The new school year will begin on September 16 at the "Yordan Yovkov" Secondary School in the city of Kardzhali with a special dress code. Motifs of Bulgarian embroidery will be mandatory for the clothing of all teachers and students in the school..

published on 9/13/24 5:54 PM