If the Bulgarian banks pass successfully the stress tests and the asset quality review, this country will be able to apply for the ERM2 mechanism in the beginning of July this year. The average stay in the Eurozone waiting room is two years and then the applicant countries usually need another year to prepare for the introduction of the European single currency. Bulgaria can adopt the Euro no earlier than January 1, 2022, this country’s Minister of Finance Vladislav Goranov announced. Minister Goranov attended a discussion in Sofia themed Bulgaria’s Path to the Eurozone. Valdis Dombrovskis, Vice President of the EC in charge of Euro, Social Dialogue, Financial Stability, Financial Services and Capital Markets Union and MEP Eva Maydell also took part at the forum.
Passenger rail transport in the EU grew by 5.8% in 2024, according to data published today by Eurostat. Last year, trains carried a total of 443 billion passenger-kilometres, the highest level recorded since the start of Eurostat’s observations in 2004...
An inspection has uncovered numerous violations following the recent flood in the Elenite resort complex. No records of environmental approval for the construction in Elenite were found in the archives of the Ministry of Environment and Water, Minister..
The ruling majority has introduced a bill limiting the export of diesel and aviation fuel. “This is a temporary measure. There is fuel for months to come, not counting the State Reserve,” Delyan Dobrev from the GERB party, said...
North Macedonia has still not adopted the necessary constitutional amendments aimed at including Bulgarians and other non-majority communities in the..
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation,..
On Tuesday , the lowest temperatures will be between 8 and 13°C; in Sofia - about 8°C. During the day, it will remain cloudy. There..
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Scattered showers
Overcast, rain
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