Bulgaria ’s Development Bank will finance up to 70% of the capital increase of First Investment Bank, the Bulgarian cabinet decided. The acquisition of shares in FiBank is extremely important for Bulgaria on its path to the Eurozone, Premier..
Bulgaria will apply for accession to the ERM 2 mechanism by the end of April, this country’s Premier Boyko Borissov said in the town of Haskovo, South Bulgaria. Premier Borissov voiced regret that the application for this mechanism has been delayed..
The Premier of the Republic of Bulgaria Boyko Borissov and European Commission Executive Vice President Valdis Dombrovskis discussed in Brussels Bulgaria’s accession to the ERM II. In a statement after the meeting, Premier Borissov noted that the..
Bulgaria’s business insists on quick accession of this country to the Eurozone’s waiting room, the President of the Bulgarian Industrial Capital Association (BICA) Vasil Velev said in an interview for the Bulgarian National Radio. BICA contends that..
Bulgaria’s Premier Boyko Borissov forecasted that Bulgaria would enter ERM2, also known as the Eurozone’s waiting room, in July this year. Huge investments are expected to be made in Bulgaria. Unemployment and contraband levels will fall below 5% and..
Bulgaria's entry into the Eurozone could turn it into a bridge between Europe and the Middle East and a model for the Western Balkan countries. This was what Dimitar Brankov, Deputy Chairman of the Bulgarian Industrial Association (BIA) and a..
Bulgarian Minister of Finance Vladislav Goranov told foreign reporters in Sofia that he expected Bulgaria to apply for membership in the Eurozone waiting room mechanism known as ERM-2 by July. Reuters recalled that talks with the European..
In the past twenty years Bulgaria’s macroeconomic indicators and public finance have been subject to the so-called currency board which was introduced on July 1, 1997. A currency board is a monetary authority which is required to..
