“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 documentary film "The Heart of the Other Bulgaria" by journalist Milena Milotinova had its premiere at the Central Military Club in Sofia. The film is dedicated to the 30th anniversary of the State Agency for Bulgarians Abroad. The documentary is..
Exhibitions of traditional rugs and clothing from the beginning of the 20th century, a bazaar of handicrafts and agricultural products, a competition for the best home-made rakia and a rich music program are part of the first day of..
The 13th International Festival for Street and Puppet Theater "Puppet Fair" opens at the Sofia Puppet Theater (14 General Gurko Street). The festival, which will run until September 21, is non-competitive. Professional theatres from the country and..
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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