“According to the rules of the Eurozone waiting room, ERM II, there is a 15% margin in which a currency can move and be regarded as stable. We have been asked repeatedly whether the lev-euro exchange rate is fixed, or whether it will move within this margin,” said Vasil Todorov, secretary general of the Bulgarian Chamber of Commerce and Industry, BCCI, for Bloomberg TV Bulgaria.
The lev-euro exchange rate is fixed now, and no changes are expected. The margin is valid for countries where the currency is still moving. According to Vasil Todorova, Bulgaria’s entry into ERM II is a firm guarantee and a signal to investors but this in no way diminishes the state’s mission to attract serious investors.
The salaries of people employed in the summer tourist season have risen by 20% , according to caretaker Tourism Minister Evtim Miloshev. He told BNR that the shortage of workers in the industry was not only due to poor pay, which he said was not poor at..
The proposal by the Democrats for a Strong Bulgaria for a technocracy has its advantages, but also its problems, which is why it should be discussed carefully, said the leader of the parliamentary group We Continue the Change - Democratic Bulgaria..
The Democrats for a Strong Bulgaria (DSB) party is proposing to its partners in the We Continue the Change-Democratic Bulgaria (PP-DB) coalition that they seek a third exploratory mandate and try to form a technocratic cabinet that would "guarantee the..
Sunday will be sunny and hot. There will be weak to moderate northeasterly wind. Temperatures will continue to rise and the highest..
The new Bulgarian Patriarch, Daniil, has spoken out in favour of reconciliation within the Orthodox churches. "There is a broken communion between..
If a referendum was held on whether to continue the country's membership in NATO, 59% of Bulgarians would answer affirmatively,..
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