Bulgaria: The Lev Exits Circulation, Enters Collector Circles
As Bulgaria phases out the lev at the end of January, the numismatic market is already responding to the change, though not all coins are attracting attention.
The pro-Russian political party "Revival" has announced plans to propose that the Bulgarian National Assembly invite external experts to conduct an analysis of the potential effects of Bulgaria's entry into the eurozone. Viktor Papazov, a member of parliament from "Revival," stated that the party believes the decision to abandon the leva in favor of adopting the euro should not be made without a thorough and serious evaluation of its consequences.
Papazov highlighted that the Ministry of Finance and the Bulgarian National Bank (BNB) should have jointly prepared such an analysis beforehand. However, the "Revival" party argues that this important step has not yet been taken, prompting them to seek an independent assessment.
The proposal submitted by the party on February 21, calling for the National Assembly to invite experts such as Steve Hanke, Jacques de Larosière, and John Greenwood to conduct the analysis, was forwarded to the Budget and Finance Committee for discussion. However, Papazov claims that the chairman of this committee, Delyan Dobrev, has not yet presented the proposal for review, which he suggests may be a deliberate act of sabotage. Papazov further implied that Dobrev is likely acting with the knowledge and approval of his colleagues in the GERB party.
In response to the delay, Papazov stated that "Revival" will submit a new official proposal to ensure that the experts are invited to analyze the potential impacts of joining the eurozone, and that the issue will be placed back on the National Assembly's agenda for discussion.
GERB leaderBoyko Borissov stated on Monday in a live Facebook broadcast that his parliamentary group “has absolute grounds to declare that it wants to continue governing.” He emphasized that, despite the challenges faced during their tenure, GERB remains
If a parliamentary vote were held at this moment, GERB would again emerge as the leading political force in Bulgaria with 18.1 percent support. These are the findings of a nationally representative survey conducted by Market Links.
Outgoing Bulgarian Prime Minister Rosen Zhelyazkov received a mandate from President Rumen Radev on Monday to form a new GERB-led government, but he immediately returned it unfulfilled, effectively completing the first stage in the post-resignation proced
An attack was carried out on the Bulgarian Embassy in Skopje on Sunday, Bulgaria’s Ministry of Foreign Affairs announced, describing the incident as a serious breach of diplomatic norms.
The coalition We Continue the Change-Democratic Bulgaria (WCC-DB) will return the exploratory mandate to form a government immediately after it is handed over by President Rumen Radev
GERB leader and chair of the GERB parliamentary group Boyko Borissov said his party would accept and then return the mandate to form a government, warning that this would be followed by even greater political chaos and deepening hostility between parties
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