“I just got an idea regarding the fact that the Lev is pegged to the euro: the Chinese Yuan is a good currency too. You might start thinking along those lines. And the market is enormous,” said Russian Prime Minister Dmitry Medvedev before his departure from Sofia.
His words came after the comment by Russian Economy Minister Maxim Oreshkin who said that the Bulgarian tourist products are more expensive than competitive products because of the currency board and the stable rate of the Bulgarian Lev.
On his part Prime Minister Boyko Borissov said that Bulgaria was proud of the stable Lev and the fact it is pegged to the Euro, and that we expected to be invited into the Eurozone waiting room in June.
Bulgaria’s National Assembly approved at second reading amendments to the Investment Promotion Act. Under the changes, the assets of the Russian company Lukoil in Bulgaria can be sold only after a decision by the Council of Ministers and following a..
Bulgaria’s Prime Minister Rosen Zhelyazkov is convening a working meeting with ministers in connection with the United States’ decision to impose sanctions on Rosneft and Lukoil. The meeting is scheduled for 11:00 a.m. on Friday. Premier Zhelyazkov..
The Festival of Elena Dry-Cured Ham which will take place from October 24 to 26 in the town of Elena, offers a rich folklore program, competitions, demonstrations and tastings, the organizers from the Municipality of Elena and the Local Tourism Council..
By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
The Bulgarian team is returning home with four medals from the Youth International Olympiad on Astronomy and Astrophysics (IOAA) , held in the Romanian..
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