Bulgaria and Croatia still need to work to fix their economies and improve their institutions before joining the Eurozone, the member of the European Central Bank’s Executive Board Fabio Panetta said on Monday, Reuters reports. The reforms undertaken by both countries will not address all imbalances and vulnerabilities they face. More progress is needed to improve governance, their legal framework and the overall quality of the institutions, Fabio Panetta says further. The two countries recently joined the ERM-2, known as the Eurozone waiting room and will be able to adopt the Euro in 2023 at the earliest.
On the eve of February 1 - the day on which Bulgaria pays homage to the victims of the communist regime - the We Continue the Change-Democratic Bulgaria (PP-DB) party announced that it was tabling a bill for the removal of all monuments that symbolise..
The Bulgarian Orthodox Church (BOC) is the only representative of the country's traditional Eastern Orthodoxy. This was decided by MPs in the final amendments to the Law on Religious Denominations. The amendment, which states that only the BOC can use the..
The claims of Bulgarian citizens investigated for espionage in the UK about their links to the "highest echelons" of power in Bulgaria, are not based on any factual evidence and are as absurd as the manipulative abuse of them, reads a statement by the..
Bulgaria is well advanced in the process of meeting the criteria for joining the Eurozone, European Central Bank President Christine Lagarde said during..
The idea of the state acquiring the only oil refinery in Bulgaria – Lukoil Neftohim in Burgas – as proposed on 29 January by the Movement for Rights and..
On this day in 1905, 15 enthusiasts, university students, climbed the highest peak in Mount Vitosha near Sofia, in winter for the first time –..
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