Bulgaria and Croatia still need to work to fix their economies and improve their institutions before joining the Eurozone, the member of the European Central Bank’s Executive Board Fabio Panetta said on Monday , Reuters reports. The reforms..
The Eurozone countries are ready to support Croatia and Bulgaria to enter ERM-2, also known as the Eurozone’s waiting room, an early stage on the path to membership of the euro currency, Reuters informs citing high-ranking sources in the EU. The..
The Borissov cabinet approved the assumption of commitments which Bulgaria must fulfil after it joins the Banking Union and ERM II, the European exchange rate mechanism which precedes accession to the Eurozone. According to the press service..
Bulgaria and Croatia can join the Eurozone's "waiting room" by the end of this year. The opinion is of Fabio Panetta - a member of the board of the European Central Bank, expressed in an interview with the French newspaper Le Monde. According to him,..
Bulgaria’s Premier Boyko Borissov held a phone conversation with the Executive Vice-President of the European Commission for a Europe Fit for the Digital Age and Competition Margrethe Vestager . Premier Borissov and Commissioner Vestager discussed..
The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting..
The European Commission has presented a report on the progress of non-Eurozone countries towards the adoption of the euro. EC Vice President Valdis Dombrovskis said there was encouraging progress in some countries . He congratulated Croatia and Bulgaria..
Bulgaria can join the "Eurozone waiting room" (the ERM II exchange rate mechanism) in July if it fulfills the last condition, European Commission Vice President Valdis Dombrovskis told the BNR. Although Bulgaria was the first to express interest in ERM..
Joining ERM2 and the Banking Union is the only rescue step for Bulgaria, Prime Minister Boyko Borissov said and added he was sure about this, especially if the Covid-19 crisis continued. PM Borissov recalled that common banking control was a..
Bulgaria's Finance Minister Vladislav Goranov has confirmed that Bulgaria is continuing its plan to enter the ERM-2 exchange rate mechanism. One of the commercial banks in the country still need to comply with the European Central Bank's recommendations..
