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's candidate for European Commissioner for Start-ups, Research and Innovation, Ekaterina Zaharieva , will be heard today by the European Parliament's Industry, Research and Energy Committee. The hearings for the Commissioner candidates,..
On Tuesday , the lowest temperatures will be between minus 3° and 2°C, in Sofia - around minus 1°C. During the day it will be sunny, with light to moderate easterly wind. The highest temperatures will reach 10° to 15°C; in Sofia -..
Over 99.5% of Bulgaria's polling stations were covered by video surveillance in the October 27 parliamentary elections. This was stated at a briefing by the Caretaker Minister of Innovation and Growth Rosen Karadimov, appointed by the caretaker..
For the first time in recent election history, the end election result leaves a party running in the election outside the National Assembly with a..
The European Parliament has approved the nomination of Bulgarian Ekaterina Zaharieva as European Commissioner. She will be in charge of the 'Start-ups,..
A meeting of the interior ministers of Bulgaria, Romania and Austria in Budapest could lead to a change in Austria's stance on the two countries joining..
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