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
Internet in Bulgaria Internet in Bulgaria The Internet in Bulgaria began to offer full TCP/IP services in 1992, although e-mail, network news, and some other Internet services were available earlier, during the period from 1989 to 1991. The .bg top-level domain name was organized in 1991. Internet speeds and connection reliability in the capital, Sofia, are consistently ranked among the fastest in the world by several independent studies. Local area network (LAN) is the most common type of Internet access in Bulgaria. Over 60% of the consumers use this type of access because of the high speeds and good service. The biggest Internet