“According to the rules of the Eurozone waiting room, ERM II, there is a 15% margin in which a currency can move and be regarded as stable. We have been asked repeatedly whether the lev-euro exchange rate is fixed, or whether it will move within this margin,” said Vasil Todorov, secretary general of the Bulgarian Chamber of Commerce and Industry, BCCI, for Bloomberg TV Bulgaria.
The lev-euro exchange rate is fixed now, and no changes are expected. The margin is valid for countries where the currency is still moving. According to Vasil Todorova, Bulgaria’s entry into ERM II is a firm guarantee and a signal to investors but this in no way diminishes the state’s mission to attract serious investors.
The European Commission has stated that the decision to hold a referendum on the adoption of the euro lies within the competence of Bulgaria’s national authorities. The response follows President Rumen Radev's announcement that he intends to propose..
At a We Continue the Change-Democratic Bulgaria (PP-DB) press conference at the BTA Press Club in Plovdiv, Ivaylo Mirchev of Democratic Bulgaria criticised President Rumen Radev's proposal for a national referendum on the euro, calling it an "extremely..
President Rumen Radev's intention to call a national referendum has drawn criticism from Parliament Speaker Nataliya Kiselova, who described the proposal as "controversial" during a briefing with journalists. Kiselova noted that while the president..
Employees of the Bulgarian News Agency (BTA), Bulgarian National Television (BNT) and Bulgarian National Radio (BNR) will stage a protest rally this..
Bulgarian President Rumen Radev submitted to the 51st National Assembly a proposal to hold a national referendum with the question "Do you agree that..
On Monday before noon, sunny weather will prevail . In the afternoon, it will mainly rain in the southern half of the country. Minimum..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain