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
History of Bulgaria is nowadays Bulgaria, provided many soldiers for the multi ethnic Achaemenid army. Several Thracian treasures dating from the Persian rule in Bulgaria have been found. Most of what is today Bulgaria remained firmly under the Persian sway until 479 BC. The Persian garrison at Doriscus in Thrace held out for many years even after the Persian defeat, and reportedly never surrendered. It remained as the last Persian stronghold in Europe. In 298 BC, Celtic tribes reached what is today Bulgaria and clashed with the forces of Macedonian king Cassander in Mount Haemos (Stara Planina). The Macedonians won the battle, but