“According to the rules of the Eurozone waiting room, ERM II, there is a 15% margin in which a currency can move and be regarded as stable . We have been asked repeatedly whether the lev-euro exchange rate is fixed, or whether it will move within..
The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper..
At the backdrop of protests against and in support of the government, somehow the important topic of Bulgaria's accession to the ERM II mechanism and the banking union as a step towards its future entry into the eurozone remained in the..
Bulgaria and Croatia have joined the ERM II exchange rate mechanism and the Banking Union, and in the next 3 years the two countries will prepare for the adoption of the single European currency , the European Central Bank has announced. Thus, the euro..
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’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 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..
The trade unions and employers support the quick admission of Bulgaria to the EU’s Exchange Rate Mechanism (ERM II) by the end of April, 2020. Entry into the Eurozone is a national objective and a priority in our foreign and economic policy. It..
The stability of the Bulgarian banking system is proven with the results of the stress tests made by the European Central Bank in six banks, an announcement of the Bulgarian National Bank reads. Follow-up action related to the further strengthening of..
