Today the European Commission released its 2018 Convergence Report: Review of Member States' progress towards euro adoption.
The report covers Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden. The document reads that these countries have achieved significant nominal convergence, but none of them currently meet all the formal conditions for joining the euro area. Two of these Member States, Bulgaria and Croatia, fulfill all of the convergence criteria, except for the exchange rate criterion as they are not members of the Exchange Rate Mechanism (ERM II), the EC report reads.
“Bulgaria already fulfills the nominal Maastricht criteria related to price stability, public finances and convergence of long-term interest rates. We welcome the Bulgarian authorities current work towards Exchange Rate Mechanism (ERM II) participation to meet also the exchange rate stability criteria,” Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said.
On Tuesday, minimum temperatures will be between minus 3 and 2°C, around minus 2°C in Sofia. During the day, cold air will spread across the country. Clouds will be heavier over southern Bulgaria, with light snow showers in the Rila-Rhodope region and..
Minister of Health Silvi Kirilov has ordered a comprehensive analysis of the regulatory framework in the field of aesthetic medicine. E xtraordinary inspections are also beginning throughout the country for unregulated medical services in the field...
A joint contingent of officers from Bulgaria, Austria, Romania and Hungary has begun work that will strengthen the security of Bulgaria's border with Türkiye, which is now external to Schengen . Minister of the Interior of Romania - Cătălin Predoiu,..
Economists and financiers have started a petition demanding that a request for an extraordinary convergence report on the introduction of the euro in..
The Deputy Chairman of VMRO, Carlos Contrera, called for a boycott of large food chains in Bulgaria ''because of high prices''. His call on Facebook..
Some of the existing mobile networks in Bulgaria will be switched off in 2025. The Chairman of the Communications Regulation Commission, Ivan..
Rain / Snow
Scattered showers
Mostly Cloudy
Cloudy
Rain