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.
More than 50% growth in revenues from hotel stays was reported in Varna in May this year, compared to the same month last year. According to the North-East Regional Statistical Bureau, revenues reached 10 million euro, of which 2.5 million euro..
Vice President Iliana Iotova voiced her hopes today that a government would be formed with a third mandate. She was in the coastal town of Sozopol to take part in a solemn ceremony at the monument to the Apostle of Freedom Vasil Levski, commemorating..
A deliberate fire broke out in the village of Dimitrievo in the Stara Zagora region . Six fire brigade teams are fighting the fire, the mayor of Chirpan municipality Ivaylo Kracholov and the Stara Zagora regional governor Metodi Markov are on the spot,..
The efforts to contain the wildfires in the border municipality of Bolyarovo continue. The partial state of emergency continues to be in place in 7..
On Saturday sunshine is the forecast until noon. In the afternoon clouds will appear and by midnight it will rain briefly but intensely with thunder...
On Sunday a cold front will sweep across the country from West to East. There will be clouds and, in the afternoon, brief showers, thunderstorms and..
sunshine, cloud, rain and thunder
Partly Cloudy
Partly cloudy, chance of rain