The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper rate – at 2.24920, with the standard 15% margin around the central rate. Bulgaria joined ERM II with its existing currency board in place, with the lev pegged to the euro at a rate of 1.95583:1. The ECB evaluates the currency board exchange rate as adequate and sustainable without setting down any additional requirements.
''Europe needs courageous leaders who can make difficult but strategic decisions'', National Assembly Speaker Natalia Kiselova said during the Green Transition Forum in Sofia, reported BTA. She called on the Balkan countries to be drivers of..
"There is a concrete plan for the evacuation of Bulgarian citizens from Israel, but we are waiting for the optimal moment", Prime Minister Rosen Zhelyazkov told journalists in the town of Simitli (Southwestern Bulgaria). Air evacuation from..
We are concerned about the escalating rhetoric coming from our neighbors in the Republic of North Macedonia, as it demonstrates a limited understanding of European processes and likely an attempt to avoid responsibility, Bulgaria’s Minister of Foreign..
Monthly inflation for May is 0.0%, while annual inflation is 3.7%, announced by the National Statistical Institute (NSI). Cumulative inflation, as..
On Tuesday, the lowest temperatures will range from 12°C to 17°C, for Sofia around 13°C. The weather will be mostly sunny during the day. Cumulus..
Science and physics are the driving forces behind human progress, and events such as this one are a source of pride for Bulgaria. The Minister of..
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