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
Center for the Study of Democracy (Bulgaria) Center for the Study of Democracy (Bulgaria) This article is about the Center for the Study of Democracy in Bulgaria For the other institution by the same name, in the United States, see the Center for the Study of Democracy at St. Mary's College of Maryland, USA. Founded in late 1989, the Center for the Study of Democracy (CSD) is an interdisciplinary public policy institute dedicated to the values of democracy and market economics, based in Bulgaria. The CSD is a non-partisan, independent organization fostering the reform process in Bulgaria through impact on policy and civil society, and is one