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.
The leader of the ''Alternative for Bulgarian Revival'' party Rumen Petkov, MP Galin Durev from the coalition ‘'BSP – United Left’' and Iliyan Sarandaliev paid a visit to Moscow. They held meetings with Nikolay Shulginov, Chairman of the State Duma..
Bulgarian intermediaries have been identified as some of the links in an investigation into an international scheme for laundering Russian money. BGNES cites data from Intelligence Online according to which two Bulgarian brokerage companies..
From today until December 21, Sofia’s City Garden is hosting the traditional German Christmas Market. The 15th edition of the market features food stalls, fragrant mulled wine, and cultural events, including concerts by young performers and..
“The storm has mostly passed, but there are still risks”, Deputy Premier Tomislav Donchev told bTV regarding Lukoil . ''The first priority is to..
In 2026, Bulgaria will assume the presidency of the EU Strategy for the Danube Region for the second time. The symbolic handover of the presidency took..
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