One month after the date is announced of the country’s entry into the Eurozone, shop prices will start to be displayed in both Leva and Euro, and this will continue for one year after the Euro is introduced in the country, the Council of Ministers announced in a Facebook post under the hashtag FactsVersusDisinformation.
Prices will be calculated at the current rate of exchange, in which the Bulgarian Lev is pegged to the euro at BGN 1.95583 to EUR 1, and the rounding off will be up to 2 decimal places. Knowing this, anyone will be able to calculate how much a given commodity is going to cost in euro, and whether its price has gone up after entry into the Eurozone.
The Council of Ministers describes the claims that there will be an inflationary shock after the adoption of the Euro as fake news, and gives as an example Croatia where inflation went down in the first months after its entry into the Eurozone.
There will be no change in incomes or purchasing power, the cabinet says further. “Quite the opposite, incomes are expected to rise gradually because businesses will cut down on their import currency conversion costs, improve their competitiveness and will be able to set more money side for salaries. Salaries and pensions will be recalculated automatically at the same exchange rate, and with the money in euro, people will be able to buy the same things in the same amounts that they can with their current incomes,” the post reads further.
On Saturday minimum temperatures will range from 5° C. to 10° C., in parts of the lowlands and valleys 1-4° C., for Sofia around 4° C. The day will be sunny but also windy. Maximum temperatures 20-25° C., for Sofia around 20° C. In the evening the..
On 7 November, Bulgarian public service TV BNT is marking 65 years since it was founded, BNT has announced. “BNT is a symbol of trust, of high-value and sustainable tendencies. It is our public mission to preserve the Bulgarian identity with a..
The numerous reports of vote manipulation, of rigging ballots, of adding votes, of vote-buying, of coercion and controlled voting which have been sweeping over the public domain following the election for parliament, call for an immediate answer by..
Today, 3 November, is International Day for Biosphere Reserves, declared by UNESCO’s Man and the Biosphere programme. On this occasion, as of the second..
Today, Vice President Iliana Iotova is opening the exhibition “Ancient Thrace and the Classical World: Treasures from Bulgaria, Romania, and Greece” at..
In the elections on October 27 this year there were problems in both phases of the process - when the votes were submitted and when they..
+359 2 9336 661