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Bulgaria maintains its objective of replacing the Lev with the euro in 2024

Even though the deficit will exceed the criteria for entry into the Eurozone, Bulgaria maintains the objective of introducing the single currency in 2024. This is made clear by the convergence programme for the 2021-2023 period voted by the..

10.05.21 18:47 |

Valdis Dombrovskis before BNR: Bulgaria can introduce the euro in 2024

"Bulgaria is still working on the recovery plan - especially in its parts relating to green goals and social inclusion, before presenting it in Brussels," European Commission Vice President Valdis Dombrovskis told the BNR. According to him, a country..

13.04.21 17:23 |

Printing house for counterfeit currency busted in a university in Sofia

A man and a woman have been detained on charges of manufacturing counterfeit euros and dollar bills and ID documents. The two worked at a university in Sofia, where the man worked as a printer on an employment contract. Authorities declined to specify..

16.03.21 16:04 |

The draft plan for the introduction of the euro should be ready by 30 June, 2021

A national plan for the introduction of the euro in Bulgaria should be drawn up by 30 June, 2021, and the indicative date for membership of the currency union is 1 January, 2024. This is made clear by a draft decree by the Council of..

05.03.21 19:00 |

Fitch affirms Bulgaria's credit rating at ‘BBB’ with stable outlook

The international rating agency Fitch has confirmed Bulgaria's long-term credit rating in foreign and local currency "BBB" with a stable outlook , the press center of Bulgaria's Ministry of Finance announces. The rating is supported by the..

22.08.20 10:58 |

Bulgaria in ERM II – what's next?

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..

13.07.20 14:43 |
European Central Bank

Bulgaria enters Eurozone "waiting room"

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..

10.07.20 20:06 |
Valdis Dombrovskis

Bulgarian legislation must adopt thе Eurozone rules

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..

10.06.20 14:18 |

Debate for and against the euro in Bulgaria must be based on facts

Dnevnik online newspaper carries an analysis by the Institute for Market Economics, according to which the exchange rate mechanism is, above all a political act, and is, therefore, thoroughly unpredictable at this time. Over public..

24.02.20 15:18 |

Results of bank stress tests - crucial for Bulgaria's path to ERM II

At the annual meeting of business with the government in Bulgaria EC Vice-President Valdis Dombrovskis presented positive results of euro area membership to Bulgarian. Dombrovskis has pointed out that cooperation with Bulgarian authorities was very..

29.01.19 18:45 |
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