Bulgaria to Join European Exchange Rate Mechanism in 2007

Politics » BULGARIA IN EU | January 28, 2007, Sunday // 00:00

Bulgaria might join the European Exchange Rate Mechanism (ERM) in the summer of 2007, EU officials said.

The ERM is a two-year monetary test for stability of the country before it enters the Euro zone. The EU uses the ERM to asses all basic market indexes of Bulgaria.

Bulgaria has stated many times it wants to join the ERM as soon as possible because the country is scheduled to introduce the euro in 2010.

The country wants to join the ERM between March and June 2007, Deputy Finance Minister Georgi Kadiev said last week. If Bulgaria shows stability when attached to the euro, the country will be able to introduce the European currency in the middle of 2009, Kadiev added.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Bulgaria in EU » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria