AFT In 1997 Bulgaria, on the verge of hyperinflation, introduced a currency board, a system that linked the Bulgarian currency, the lev, to the German mark in a one-to-one exchange parity, on the advice of the IMF.
Bulgarian children, students at the art school in the northern town of Pleven, were awarded medals at an international painting competition in Macedonia. Their works were selected from among 4,500 painted by children from three continents, the school dire
The Currency Board in Bulgaria can be compared to a strait jacket, Krasimir Angarski, economic advisor to the President, said in a radio program. According to him the system is imposed so that the printing of more money for covering social expenses can be
It is the fourth successive year that Bulgaria’s biggest shipyard ‘s operations have been stopped operating and is covered with snow, while several thousand employees lost their jobs, Deputy Prime Minister Nikolay Vassilev said during the parliamentary co
A list of key tasks concerning Bulgaria’s European integration was approved by the Cabinet on January 10. State Administration Minister Dimitur Kalchev is to draw up an action plan for the implementation of the National Anti-Corruption Strategy.
The new bill on tourism is tabled in Parliament and is expected to be discussed by the MPs on January 11, Bulgarian Deputy Economy Minister Dimitar Hadjinikolov, responsible for tourism said in his address to the participants in the tourism conference “Bu
Every second Bulgarian thinks that the government is not doing well in improving the living standard of the people, data from a national representative survey of poll agency Noema show. The survey has been conducted from December 20, 2001 till January 2,
TEXT of Former US President Clinton's address to the participants in Bulgaria - Dream Area: It is great to be back in Bulgaria again, even if only by video.
Reuters Sale consultant Deutsche Bank has advised Bulgaria's government to sell state telecom monopoly BTC through a two-stage tender without setting a starting price, a Deutsche Bank source said on Tuesday.
What happened in Libya is just an ordinary crime, neither the first nor the last of its kind, Foreign Ministry spokeswoman Elena Poptodorova said, commenting the incident with the Bulgarians in a village near the Libyan capital Tripoli, who were detained
Bulgarian Telegraph Agency The government external debt totalled 8,593.
Steps are being taken for improving the travel conditions in the State Railways Company, Deputy Transport Minister Lyubomir Ivanov said.
EU Commissioner for Enlargement Guenter Verheugen insisted that there are no exceptions of the Euro introduction in the EU candidate countries in an interview for a German radio. All new members of the union should be able to introduce the new currency on
The Currency Board is a good decision, but just for a limited period of time, Professor Ivan Angelov from the Economy Institute with the Bulgarian Academy of Science said.
Abstracted from Tehran Times TEHRAN -- Visiting Bulgarian Deputy Minister of Economy Lubka Katchakova met here on Sunday with the Managing Director of Export Promotion Bank of Iran Norouz Kohzadi and signed a memorandum of understanding (MOU) on expansi
Sofia Airport, Varna Airport Voted among Top 10 Airports in Eastern Europe
Bulgarian PM, President Express Condolences to Families of Air Crash Victims