A national plan for the introduction of the euro in Bulgaria should be drawn up by 30 June, 2021, and the indicative date for membership of the currency union is 1 January, 2024.
This is made clear by a draft decree by the Council of Ministers for the formation of a Coordination Council to prepare Bulgaria for membership of the Eurozone, posted on the Ministry of Finance’s website. The Coordination Council is to be headed by the minister of finance. The plan is to indicate how long the Lev and the Euro will be in use concurrently, fix a deadline for the exchange of Levs to Euros and other essential details, the website investor.bg writes.
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Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks an upgrade from the 2% growth rate estimated in the Commission’s spring outlook. The expected GDP..
Bulgaria has no additional conditions from the United States for the exception of the sanctions imposed on Lukoil to enter into force, Minister of Energy Zhecho Stankov told BNT. If necessary, the postponement of the sanctions against Lukoil can be..
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..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
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