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
American University in Bulgaria Academic Center bears the name of physicist Minko Balkanski The center was dedicated to Professor Balkanski and his family in 2010. The America for Bulgaria Student Center is the jewel in the crown of AUBG's contemporary campus. The spacious, generously sunlit, multi-functional center was built in 2013 with the financial help of the America for Bulgaria Foundation and embodies AUBG's unparalleled energy and dynamics. It hosts state-of-the-art theatre, sports and dining halls, and the Student Services office. Here students will also find the Enrollment office, where the AUBG journey begins for future students. Admission advisors are available to assist students