Up To BGN 5,000 Fine For Incorrect Conversion And Rounding Of Prices From BGN To EUR
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
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Hungary is in no rush to join the euro zone and should adopt the single currency only if its economic output approaches the average of the euro area or Germany, Economy Minister Mihaly Varga was quoted as saying in an interview on Saturday, cited by Reuters.
“Like the Czechs or the Poles, we will not enter the waiting room for the euro, which is a requirement to fix the exchange rate two years before adoption (of the euro),” Varga was quoted as telling the daily Magyar Hirlap.
“This is a favorable position and it is up to us when we decide to take the next step,” Varga said, adding Hungary should also wait for the outcome of debates on deepening integration between members of the single currency bloc.
Hungary’s central bank has also said Hungary should not join the euro before its economy is sufficiently strong.
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