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
Tourism in Bulgaria Tourism in Bulgaria Tourism in Bulgaria is a significant contributor to the country's economy. Situated at the crossroads of the East and West, Bulgaria has been home to many civilizations - Thracians, Greeks, Romans, Eastern Romans or Byzantines, Slavs, Bulgars, and Ottomans. The country is rich in tourist sights and historical artifacts, scattered through a relatively small and easily accessible territory. Bulgaria is internationally known for its seaside and winter resorts. Bulgaria attracted ~12 million foreign tourists in 2017, according to the Worldbank. Tourists from five countries - Greece, Romania, Turkey, Germany, and Russia - account for approximately 50% of