Bulgaria and the euro
Bulgaria Completes Approval Process for Euro Coin Designs (PHOTOS)
The Bulgarian National Bank (BNB) has marked a significant milestone in the nation's journey towards full integration into the Eurozone by finalizing the approval of the design for Bulgarian euro coins.
This crucial step underscores Bulgaria's readiness to adopt the euro as its official currency and represents a pivotal moment in the country's preparations for Eurozone membership.
Dutch PM: Full Schengen Membership for Bulgaria!
During a meeting in The Hague, Dutch Prime Minister Mark Rutte expressed his strong support for Bulgaria's immediate acceptance as a full member of the Schengen area, including for land borders. Currently, Bulgaria is accepted into the "air and sea Schengen".
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Bulgarian Prime Minister to Hold Talks with Dutch Counterpart in The Hague
Prime Minister Nikolai Denkov is set to embark on a one-day visit to The Hague for discussions with Dutch Prime Minister Mark Rutte. The agenda for their meeting includes bilateral matters, European Union-related issues, and Bulgaria's strategic priorities, notably its aspirations to join the land Schengen and Eurozone.
Bulgaria Designated for Funding in EU's 2 Billion Euro Migration Strategy
Addressing the escalating migrant pressure on the European Union (EU), a significant 2 billion euros will be allocated, with a portion of these funds directed towards Bulgaria, according to Prime Minister Nikolai Denkov.
Bulgaria's Premier Denkov Addresses Balkan Schengen Idea Amid Brussels Visit
Bulgaria's Prime Minister, Nikolai Denkov, stated in Brussels that the removal of land borders between Bulgaria, Romania, and Greece is not currently under political discussion. Denkov, who anticipates discussions with German Chancellor Olaf Scholz on Bulgaria's priorities during the European Council meeting, highlighted key topics such as Schengen land borders and the Eurozone.
Bulgaria Plans Dual Price Display in Lead-Up to Euro Adoption
In a significant move toward Eurozone accession, Bulgaria's Council of Ministers has announced that, one month after the official entry date into the Eurozone is disclosed, shop prices will be displayed in both Bulgarian Lev (BGN) and Euro. This dual pricing strategy is set to continue for a year after the Euro becomes the official currency.
Countdown Begins: Bulgaria Faces Five-Month Challenge to Meet Eurozone Entry Criteria
Bulgaria is on a tight five-month deadline to fulfill the prerequisites necessary to join the eurozone by January 2025, revealed Deputy Minister of Finance Ivaylo Yajdjiev on January 19. The primary criteria involve lowering the inflation rate and adopting the BNB law to align Bulgaria's central bank with European standards.
Bulgaria Takes Stride Toward Eurozone Entry with New National Bank Law
The majority in Bulgaria's parliament has given the green light to the first reading of a new law governing the Bulgarian National Bank (BNB), marking a pivotal moment in the country's journey toward Eurozone accession. The legislation, if passed, will play a crucial role in facilitating Bulgaria's entry into the Eurozone.
PM Denkov Confirms: Bulgaria Aims to Join Eurozone on January 1, 2025
Prime Minister Acad. Nikolai Denkov, during discussions with Eurogroup President Paschal Donohoe at the World Economic Forum in Davos, unveiled Bulgaria's ambitious goal of becoming a member of the euro area by January 1, 2025.
After Bulgaria Adopts The Euro: Leva Will Be Exchanged For Euros Indefinitely
Banker and economist Levon Hampartsumyan addressed concerns about Bulgaria's adoption of the euro, emphasizing the need to overcome fears and embrace the impending change. According to Hampartsumyan, the shift to the euro as the primary measure of economic success will not only be seamless but also without financial burdens for the public.