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.
Bulgaria has officially become part of the European cultural route “The Wine Route” ( Iter Vitis ) . The certificate of membership was presented to Tourism Minister Miroslav Borshosh, recognizing the country’s inclusion in a network of leading..
On December 15 at 6 p.m., the traditional festive ceremony for lighting the Bulgarian Christmas tree in Las Vegas will take place at BESO Restaurant, according to eurochicago.com. The tree will be adorned with ornaments featuring Bulgarian motifs, most of..
The final round of the twelfth edition of the Rose Water Recipe Award was hosted by the Bulgarian Embassy in Tokyo. According to a Facebook post by the diplomatic mission in Japan, the competition was organised by the Bulgarian Rose Cultural..
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