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
Tourism in Bulgaria are around 4,500 discovered underground formations in Bulgaria. The earliest written records about the caves in Bulgaria are found in the manuscripts of the 17th century Bulgarian National Revival figure and historian Petar Bogdan. The first Bulgarian speleological society was established in 1929. The caves in the country are inhabited by more than 700 invertebrate species and 32 of the 37 species of bats found in Europe. Most visitors arriving in Bulgaria on short-term basis came from the following countries of nationality: Tourism in Bulgaria Tourism in Bulgaria is a significant contributor to the country's economy. Situated at the crossroads