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
Armenians in Bulgaria First Bulgarian Empire in the 9th century. After both Bulgaria and Armenia were conquered by the Ottoman Empire, many Armenian settlers from Armenia, Crimea, the Polish-Lithuanian Commonwealth and Asia Minor arrived in what is now Bulgaria due to internal migration. Those coming from Armenia were forced to seek a new homeland because of their country's devastation by Arabs, Persians, and Turks. With Bulgaria gaining autonomy in the aftermath of the Russo-Turkish War of 1877-78, many Armenians fled the Ottoman Empire because of the Hamidian massacres in the 1890s and settled in the country, particularly in the major cities of Plovdiv