Bulgaria and the euro Bulgaria and the euro Bulgaria committed to switching its currency, the lev, to the euro upon its joining the European Union in 2007, as stated in its EU accession treaty. The transition will occur once the country meets all the euro convergence criteria; it currently meets three of the five criteria, the exception being its membership for at least two years of the EU's official exchange rate mechanism (ERM II), which it has not yet joined despite the Bulgarian lev having been pegged to the euro since its introduction in 1999. In 2011 Bulgaria's Minister of Finance Simeon Djankov stated
Union of Communists in Bulgaria Union of Communists in Bulgaria The Union of Communists of Bulgaria (', SKB) is a communist party in Bulgaria, registered in 1995. It has participated in all elections since then, alone or in coalition. The central headquarters of the party is at Sofia, Georgiev Evlogi № 169. On June 23, 2013, the Central Committee of the Union of Communists in Bulgaria accepted the resignation of its current chairman Kostadin Chakarov (2010-2013), a former adviser to Todor Zhivkov, and elected by an overwhelming majority Pavel Ivanov as the new chairman of the party. The Union of Communists takes its name from