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
Vinishte, Bulgaria Vinishte, Bulgaria Vinište is a small village in North Bulgaria, north of Montana, Bulgaria. The village is located in the foothills of the Balkan Mountains and has a population of 400 people. Near Vinište there is a formation of rocks called "Kamiko". The village name reflects the good conditions in the region for cultivating grapes and making wine (Bulgarian "vino", English "wine"). This region of Bulgaria became part of the Roman Empire in 26 BC. About AD 150, the Romans built a stronghold in the region called Montana, and the military division that first settled there was recruited in the