Expats

Bulgaria to Play It Cool on Euro Zone Bid over Debt Crises - FinMin [Jul 22, 2011] Bulgaria has not changed its intention to join the euro zone but it does not expect to start specific talks for accession to the ERM-2 before the situation with the euro zone debt crises clears, according to Finance Minister Simeon Djankov. "We are not going to start preliminary talks (on joining the euro) in the autumn. Our intentions (to join the euro) are not changed.... [via YahooNews] More >>

(AFX UK Focus) 2010-05-26 11:15 UPDATE 1-Bulgaria set to apply for ERM-2 entry in 2011 [May 26, 2010] BUCHAREST, May 26 (Reuters) - Bulgaria plans to apply for the pre-euro ERM-2 waiting room next year, Finance Minister Simeon Djankov said on Wednesday. "We can't apply for ERM-2 this year, we have to wait. But starting with January 1 of next year we are ready to move. Our intention is to apply next year," Finance Minister Simeon Djankov said but did not elaborate. In April, Bulgaria was forced ... [via YahooNews] More >>

Bulgaria to Launch ERM II Bid after European Economy Stabilizes [May 22, 2010] Bulgaria will wait for the stabilization of the European economy before launching its bid to join the Eurozone through ERM II, Bulgaria PM Boyko Borisov announced Saturday. [via YahooNews] More >>

Bulgaria's FinMin: Euro Adoption Not Yet Off the Table [Apr 12, 2010] Bulgaria 's planned application to join ERM II, the exchange-rate mechanism that aspiring euro-zone members must join before adopting the common currency, was "not yet off the table" although chances "now are a lot dimmer," the finance minister has said. [via YahooNews] More >>

Finance Minister: Bulgaria Euro Bid Put off for 2011, No Giving Up [Apr 11, 2010] Bulgaria might be able to submit an application for the ERM II by January 2, 2011, Finance Minister Simeon Djankov has announced. [via YahooNews] More >>

Rightist Allies Slam Bulgaria Rulers for Giving Up Euro Bid [Apr 09, 2010] The rightist Democrats for Strong Bulgaria party has criticized the Borisov government for its decision to back out of applying for the Eurozone waiting room, the ERM II, in 2010. [via YahooNews] More >>

(AFX UK Focus) 2010-04-09 12:52 UPDATE 1-Bulgaria drops euro preparations on hidden deficit [Apr 09, 2010] SOFIA, April 9 (Reuters) - Bulgaria dropped plans on Friday to apply to join the pre-euro ERM-2 waiting room because of a larger than expected 2009 deficit caused by unaccounted procurement deals in the European Union's poorest nation. Prime Minister Boiko Borisov, whose centre-right GERB party came to power last July, said the previous Socialist-led government had signed dozens of deals which ... [via YahooNews] More >>

EU Tougher Rules "Dim" Bulgaria's Euro Hopes (Novinite.com) [Mar 26, 2010] Countries must be members of ERM II for two years before they can formally join the eurozone. Bulgaria has so far believeed that it could be ready for euro entry by 2013. Photo by EPA/BGNES [via YahooNews] More >>

Ex Bulgaria PM Backs Govt Eurozone Entry Push (Novinite.com) [Mar 25, 2010] Ex Bulgaria PM Sergey Stanishev has backed the current center-right GERB government?s attempts to join ERM II and eventually the eurozone. [via YahooNews] More >>

IMF Wraps Up Check on Bulgaria's Readiness for ERM II (Novinite.com) [Mar 01, 2010] Officials from the International Monetary Fund (IMF), who arrived in Bulgaria February 18 to examine the country?s readiness to join ERM II, a currency stability test for euro hopefuls, will announce their results on Monday. [via YahooNews] More >>

EU Officials Check Bulgaria's Readiness for ERM II (Novinite.com) [Feb 18, 2010] Officials from the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) arrive in Bulgaria February 18 to examine the country?s readiness to join ERM II, a currency stability test for euro hopefuls. [via YahooNews] More >>

EU Officials to Check Bulgaria's Readiness for ERM II (Novinite.com) [Feb 09, 2010] Officials from the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) will arrive in Bulgaria 18 February to examine the country?s readiness to join ERM II, a currency stability test for euro hopefuls. [via YahooNews] More >>