Shocker: Bulgaria Drops from UK Tourists' Cheapest Summer Spots List
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
Bulgaria could join waiting room to adopt the euro until the end of 2020, European Central Bank board member Fabio Panetta said in an interview for Le Monde.
The institution praises the efforts of Bulgaria and Croatia to switch to the common currency, Panetta added. He underlined that the two countries rely on tourism.
“Croatia and Bulgaria took bold measures to converge. If the process is completed successfully, they could join ERM-2 by the end of the year”, Panetta said.
The countries usually stay in the system for at least two years to prove their currencies’ stability. That is why the first available window for Croatia and Bulgaria to join the euro area would be 2023./Nova
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In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
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