“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.
Yordan Valchev, Chairman of the Board of the Road Infrastructure Agency (API), has signed a contract for the design of the Montana-Sofia expressway , which includes a tunnel under the Petrohan mountain pass. The contract, awarded to Transconsult-22 Ltd,..
Chief of Defence Admiral Emil Eftimov is attending a meeting of the EU Military Committee (EUMC), which begins today in Budapest. The forum takes place under Hungary's rotating presidency of the EU. Senior military officials will discuss the..
The Sofia Regional Police Directorate is conducting a special police operation against vote-buying ahead of the early parliamentary elections on 27 October. The operation focused on the municipalities of Kostenets and Dolna Banya, and by midday 76..
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..
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