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 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