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
Energy in Bulgaria Russian coast of Beregoyava to Burgas from where it would have continued to the north-west to Central Europe and to the south-west to Greece and Italy. The Nabucco pipeline would transport Caspian and Middle East gas through Turkey, Bulgaria, Romania, Hungary and Austria to Central Europe. Energy in Bulgaria Energy in Bulgaria describes energy and electricity production, consumption and trade in Bulgaria. Although Bulgaria is not very rich in fossil fuels such as coal, oil and gas, it has very well developed energy sector which is of crucial importance for the Balkans and the whole South Eastern Europe. Nuclear power