Experts Assert: Euro Introduction in Bulgaria Won't Lead to Price Hikes
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bitcoin hit a fresh all-time high Monday above the ,000 mark after a wild week for the cryptocurrency.
On Monday around 12:25 p.m. London time, it hit a record high of ,121.56, according to data from industry website CoinDesk. Bitcoin first broke the ,000 handle on Sunday.
The rally comes on the back of a huge sell-off on Sunday, November 12, where the price of bitcoin fell to around ,500. That low, to the record high on Sunday, marks a more than 47 percent increase in the cryptocurrency's price.
Meanwhile, there has been a slew of positive news which has supported the bitcoin price. Favorable regulation in Japan has managed to offset the clampdown from regulators in countries including China and South Korea.
And there is also potentially rising interest from institutional investors and new products coming onto the market to allow new participants access to bitcoin. CME Group announced plans to introduce a bitcoin futures contract which could help more institutional investors get involved with the cryptocurrency.
cnbc.com
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022