Eurozone

European Central Bank: Bulgaria Could Join Eurozone’s Waiting Room by the End of 2020

That was said by the Bank's board member Fabio Panetta

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.

Council of Ministers Approves Bulgarian Development Bank to Acquire Shares of Fibank

 

At a meeting in the Council of Ministers on June 12, the Government discussed a Draft Protocol Decision on actions taken by Bulgarian Development Bank AD (BDB) to acquire shares from the capital increase of First Investment Bank (FiBank).

Bulgarian State Acquires 26% of Fibank Due to ERM-2

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2.    Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was

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