Bulgaria and the euro Bulgaria and the euro Bulgaria committed to switching its currency, the lev, to the euro upon its joining the European Union in 2007, as stated in its EU accession treaty. The transition will occur once the country meets all the euro convergence criteria; it currently meets three of the five criteria, the exception being its membership for at least two years of the EU's official exchange rate mechanism (ERM II), which it has not yet joined despite the Bulgarian lev having been pegged to the euro since its introduction in 1999. In 2011 Bulgaria's Minister of Finance Simeon Djankov stated
Ottoman Bulgaria albeit far smaller than what Bulgarians had hoped for and what was originally proposed in the Treaty of San Stefano of 1878. Ottoman Bulgaria The history of Ottoman Bulgaria spans nearly 500 years, from the conquest by the Ottoman Empire of the smaller kingdoms emerging from the disintegrating Second Bulgarian Empire in the late 14th century, to the Liberation of Bulgaria in 1878. As a result of the Russo-Turkish War (1877–1878), the Principality of Bulgaria, a self-governing Ottoman vassal state that was functionally independent, was created. In 1885 the autonomous province of Eastern Rumelia came under the control of the