Bulgaria and the euro a stable ERM-II member for a minimum of two years. While Bulgaria has not formally joined the exchange rate mechanism, the ±15% floating band permitted within ERM II is less restrictive than Bulgaria's current strict peg of 1.95583 BGN to 1 EUR. The lev has been pegged to the euro since its launch, and prior to that was pegged on par to the German Mark. While the currency board which pegs Bulgaria to the euro has been seen as beneficial to the country fulfilling criteria so quickly, the ECB has pressured Bulgaria to drop it as it did not know
Beer in Bulgaria currently owned by foreign breweries, such as Heineken (Zagorka) and Interbrew (Astika and Kamenitza). Beer in Bulgaria The modern history of beer in Bulgaria (, "pivo" or бира, "bira") dates back to the 19th century, when it was introduced to the country by foreigners (from Austria-Hungary, France and Switzerland) shortly before the Liberation of Bulgaria. Until then, beer was practically unknown in what used to be a mainly rakia and wine-drinking country. Today, Bulgaria ranks 15th by beer consumption per capita, with 73 litres a year. The Hungarian exiles in Shumen, led by Lajos Kossuth after the Hungarian Revolution of