Bulgaria and the euro government, notably economy minister Petar Dimitrov, have speculated about unilaterally introducing the euro, which was not well-met by the European Commission. The lev is not part of ERM-II, but since the launch of the euro in 1999, it has been pegged to the euro at a fixed rate of €1 = BGN 1.95583 through a strictly managed currency board. In all of the three latest annual assessment reports, Bulgaria managed to comply with four out of the five economic convergence criteria for euro adoption, only failing to comply with the criteria requiring the currency of the state to have been
Islam in Bulgaria democratic history, the President of Bulgaria Rosen Plevneliev hosted an iftar dinner. The iftar took place in the President's Boyana Residence and was attended by the Prime Minister, the Speaker of the National Assembly, party leaders, and representatives of all religions in the country. Islam in Bulgaria Islam in Bulgaria is a minority religion and the largest religion in the country after Christianity. According to the 2011 Census, the total number of Muslims in Bulgaria stood at 577,139, corresponding to 7.8% of the population. According to a 2017 estimate, Muslims make up 15% of the population. Ethnically, Muslims in Bulgaria