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.
The NATO Multinational Battle Group in Bulgaria demonstrated its readiness to repel a potential attack on Bulgaria. The command staff exercise at the Novo Selo Range trained the group's readiness to expand to a brigade and, if necessary, defend the..
Law enforcement agencies from 18 countries have seized over EUR 14 million in counterfeit currency in a joint customs and police operation, reported BTA, citing Europol. Most of the seized banknotes are in denominations of 50 and 20 euros and are..
With all tally sheets processed, voter turnout in Bulgaria’s parliamentary elections on October 27 is 38.94%, announced the Central Election Commission (CEC). This figure may change following a recount. According to interim data, 2,570,639..
At a briefing , We Continue the Change/Democratic Bulgaria (PP/DB), which will likely be the second political force in parliament, urged all..
“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..
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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