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Bulgaria plans to adopt the euro and become the 21st member state of the eurozone. The Bulgarian lev has been on a currency board since 1997, with a fixed exchange rate initially against the Deutsche Mark and subsequently its replacement the euro. Bulgaria's target date for introduction of the euro was 1 January 2025.
The seven non-eurozone members of the EU are Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, although all but Denmark are obliged to join once they meet the euro convergence criteria .
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
Bulgaria's plans to join the euro zone have been pushed back twice because of missed inflation targets. Zhelyazkov pledged on Wednesday that his government will help the country make it into the ...
The government cleared the state-owned Bulgarian Development Bank to buy shares from the capital increase in First Investment Bank. “Ensuring stability of this bank was the last requirement ...
[3] [4] For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria. [1] The United Kingdom's currency, sterling, is rated fourth on Investopedia's list of the top 8 most tradable currencies, and that it is a "little bit more volatile than the euro". [5]
Rumen Radev became Bulgaria's fifth democratically elected president when he was sworn in for a five-year term in January 2017. A former air force commander, Mr Radev is a relative newcomer to ...
The Bulgarian Cyrillic alphabet features on the Europa series banknotes, as a result of Bulgaria joining the European Union in 2007. Thus this series includes " ЕВРО ", which is the Bulgarian spelling for EURO, as well as the abbreviation " ЕЦБ " (short for Европейска централна банка in Bulgarian ), [ 91 ] while ...