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
Prostitution in Bulgaria of State Office to Monitor and Combat Trafficking in Persons ranks Bulgaria as a 'Tier 2' country. Prostitution in Bulgaria Prostitution in Bulgaria is itself legal, but organised prostitution (brothels, prostitution rings, or other forms of procuring) is prohibited. In the past, the Bulgarian government considered fully legalising and regulating prostitution. The sex trade is a major source of income for Bulgarian criminals. UNAIDS estimates there are 10,000 prostitutes in the country, and in 2013 there were 20,000 Bulgarian prostitutes working abroad and this was a source of foreign exchange earnings for Bulgaria. Because of poor socioeconomic conditions, a high