“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.
President Rumen Radev was co-pilot in an F-16 fighter piloted by an Italian pilot. The demonstration flight from the Graf Ignatyevo airbase lasted 40 minutes. "The F-16 flight took me back to 2005, when General Clark, then a captain, and I flew..
''Our aid is being used on the front line as combat equipment and ammunition on the territory of Ukraine'', caretaker Minister of Defense Atanas Zapryanov told BNT regarding the military aid that Bulgaria provides to Ukraine. '' Everything we have..
Bulgaria’s Deputy Minister of Foreign Affairs Elena Shekerletova and the newly-appointed British Ambassador to Bulgaria, Nathaniel Copsey, praised the state of bilateral relations between Bulgaria and the United Kingdom. They committed to deepening..
Defence Minister Atanas Zapryanov has cancelled the air show at the Graf Ignatievo Air Base after an L-39 ZA military transport plane crashed, the..
The Supreme Administrative Court rejected the appeal of the coalition around Ahmed Dogan - "Democracy, Rights and Freedoms - DPS"..
At a Bulgarian-Chinese business forum in Sofia, President Rumen Radev pointed out the advantages of the business environment in..
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