The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper rate – at 2.24920, with the standard 15% margin around the central rate. Bulgaria joined ERM II with its existing currency board in place, with the lev pegged to the euro at a rate of 1.95583:1. The ECB evaluates the currency board exchange rate as adequate and sustainable without setting down any additional requirements.
Prime Minister-designate Dimitar Glavchev presented to President Rumen Radev his proposal for lineup of the caretaker cabinet, reported BTA. In Dimitar Glavchev's words, the caretaker government has done well with its main tasks, including organising..
Late last night, the National Astronomical Observatory-Rozhen detected a glowing object the size of a car or a bus. The observatory’s director Nikola Petrov told BNT that it was not a meteorite or asteroid, but debris from artificial satellites..
On this day, 90 years ago, the dedication of the Freedom Monument on Mount Shipka took place. It was erected in memory of the fallen heroes of the defended place during the Battle of Shipka, around which the decisive battles for the Russo-Turkish War..
Sunday will be mostly sunny. In the afternoon, clouds will develop over eastern Bulgaria, but there will only be isolated showers and thunderstorms...
Dimitar Glavchev has a second chance to present a cabinet that will ensure the holding of fair and transparent elections , so that we can have a new..
MEP Ilhan Kyuchyuk has sent written questions to the European Commission regarding reports of large-scale biased inspections by the General Directorate..
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