Today the European Commission released its 2018 Convergence Report: Review of Member States' progress towards euro adoption.
The report covers Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden. The document reads that these countries have achieved significant nominal convergence, but none of them currently meet all the formal conditions for joining the euro area. Two of these Member States, Bulgaria and Croatia, fulfill all of the convergence criteria, except for the exchange rate criterion as they are not members of the Exchange Rate Mechanism (ERM II), the EC report reads.
“Bulgaria already fulfills the nominal Maastricht criteria related to price stability, public finances and convergence of long-term interest rates. We welcome the Bulgarian authorities current work towards Exchange Rate Mechanism (ERM II) participation to meet also the exchange rate stability criteria,” Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said.95.4% of the people who went to the forum “Career and life – why in Bulgaria?”, held in London on 20 October, say they are considering returning to Bulgaria, indicate data from an online survey active during the event. The results are up by 10%..
Velichie party is 21 votes short of clearing the electoral threshold for entering the new parliament, said Rositsa Mateva, chair of the Central Election Commission (CEC). Central Election Commission announces final distribution of seats in..
Three Bulgarian companies have been sanctioned by the US for enabling the Russian military industry. According to the US Department of State and the Department of the Treasury, they shipped aviation components and other items used by Russia to..
“We are going to take part in talks with GERB, but if they intend to get Delyan Peevski in through the front door we’re out,” said MEP Ilhan Kyuchuk..
At a briefing , We Continue the Change/Democratic Bulgaria (PP/DB), which will likely be the second political force in parliament, urged all..
There will be scattered clouds on Wednesday. The cloudiness will be more significant in the central regions of Bulgaria and in some..
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