Bulgaria’s National Assembly tasked the government with speeding up the process of adopting the single European currency on January 1, 2024 and set the exchange rate at 1,95583 Leva for 1 Euro. The proposal was put forward by the largest Parliamentary group GERB/SDS. 157 MPs voted in favour, 28 MPs voted against and 23 MPs abstained.
The Parliament’s decision tasks the government and the Bulgarian National Bank with speeding up the consultations and negotiations with the European institutions and the euro area countries on Bulgaria's accession to the eurozone.
The Bulgarian Socialist Party and "Vazrazhdane" party expressed concerns that the euro might not be adopted at the current exchange rate, which was introduced by the Currency Board. However, the majority of MPs rejected these speculations during the discussions.
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..
On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the..
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