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
History of Bulgaria History of Bulgaria The history of Bulgaria can be traced from the first settlements on the lands of modern Bulgaria to its formation as a nation-state and includes the history of the Bulgarian people and their origin. The earliest evidence of hominid occupation discovered on what is today Bulgaria date from at least 1.4 million years ago. Around 5000 BC, a sophisticated civilization already existed and produced some of the first pottery and jewelry in the world. After 3000 BC, the Thracians appeared on the Balkan peninsula. In the late 6th century BC, most of what is nowadays Bulgaria came