Bulgarian PM Unveils 2024 Budget: Emphasis on People, Strong Economy
Bulgarian Prime Minister Nikolai Denkov asserted that the 2024 budget, presented at the Cabinet meeting on Thursday, is designed to benefit the people and foster a robust economy
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Members of the European Parliament from Central and Eastern European states, including Bulgaria, have announced plans to plead in Brussels for the faster accession of their countries into the eurozone.
Speeches to this effect will be made in the framework of the upcoming debate between the European Parliament and the European Commission on the measures that should be adopted for the economic recovery of the region, Iliyana Ivanova, MEP from the ruling GERB party told the Bulgarian National Radio.
Bulgaria new center-right government plans to apply early next year to join the exchange-rate mechanism, the two-year currency stability test prior to euro adoption, and seek to switch to the common currency in 2013.
Initially the application was planned for November, but it was delayed till February at the earliest, after all member states submit their convergence programs, which contains the mid-term goals of the fiscal policy.
Joining the exchange-rate mechanism would bring Bulgaria closer to the umbrella of the euro region and the protection of the European Central Bank and is conditional on whether the new government will succeed to restore Brussels trust.
The lev is already linked to the euro in a currency board that keeps the Bulgarian currency at 1.9558 to the euro.
Joining the exchange-rate mechanism may allow the lev to fluctuate by as much as 15 % around a central band, though the central bank has said it will leave the lev tightly pegged to the euro through the duration of the two years.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
Too late Bulgaria began to explain its own position towards North Macedonia, as it should have been clear to our European partners some time ago.
An SPD-led government in Germany has significant potential to sharpen international attention to the problems of corruption in Bulgaria.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022