We should not blame the euro for our own fears and failures. If Bulgaria adopts the single currency, the system with which we measure our economic success or failure will be in euros instead of leva, banker and economist Levon Hampartsumyan said for the BNR. In his words, Bulgarians should not to be afraid of the euro. The currency conversion will be at the expense of the state, without fees and commissions.
''As regards the mortgage loans, there will be no rounding of figures. The currency conversion will most likely be automatic because re-signing such a large number of contracts would be an administrative nightmare", the banker pointed out. ''The National Bank will exchange leva for euros indefinitely. This money will not lose its value after the adoption of the euro", the banker assured and referred to Germany where people still keep around 30 billion Deutsche Marks in their homes.
The US is investing $240,000 in the ReBonkers Cultural Center in Varna through the Ambassadors Fund for Cultural Preservation (AFCP), the US Embassy in Sofia reported. Varna is the largest beneficiary of an AFCP project in Europe this..
The 78th Plovdiv International Technical Fair was opened in Bulgaria’s second largest city. 231 companies - direct producers and sales representatives from 25 countries, are participating in the forum, which will last until September..
Prosecutor General Borislav Sarafov, caretaker Interior Minister Atanas Ilkov and SANS chair Plamen Tonchev signed a joint order to create a national interdepartmental unit for the parliamentary elections on October 27, the..
The Central Election Commission held a draw to determine the order in which the parties and coalitions will appear on the ballot for the early..
"It's about time." Thus succinctly President Rumen Radev commented from New York on the possibility that on October 10 of this year a proposal be..
Starting October 11, 2024, a Turkish shipping company will operate a ferry connection between Istanbul and Burgas. It will mainly..
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