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.