“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.
Women in management positions in Bulgaria are increasing, although they remain fewer than men. In 2023, their number reached 68,000 - 3,200 more than the previous year, according to the government-approved Gender Equality Report 2023. Last..
The Bulgarian government has approved additional funds in the amount of up to BGN 112,000 under the budget of the Ministry of Foreign Affairs for 2024. The funds are for the Executive Agency for Bulgarians Abroad under the Minister of Foreign Affairs to..
Inflation in Bulgaria slowed down in September to 1.2 percent from 2.1 percent in August , hitting the lowest level since March 2021, data from the National Statistics Institute showed. Compared to August, there is a deflation of 1%, after the 8th month..
Over one hundred leading scholars from three continents will participate in the 16th International Conference of the International Association for the..
15 October is International White Cane Day . It raises awareness of the challenges faced by blind and partially sighted people and, in particular, their..
President Rumen Radev expressed doubts whether the current Supreme Judicial Council (SJC) could meet the high public expectations when electing a new..
Partly Cloudy
Cloudy
Mostly Cloudy