The Government approved an Action Plan with measures for the accession of Bulgaria to the ERM-II Exchange Rate Mechanism until July 2019...
The Government approved an Action Plan with measures for the accession of Bulgaria to the ERM-II Exchange Rate Mechanism until July 2019.
The measures include strengthening banking supervision through close cooperation with the European Central Bank, strengthening supervision of pension funds and insurance companies; improving the insolvency framework; strengthening the fight against money laundering; modernizing the management of state-owned enterprises and making recommendations for overcoming the inconsistencies between the Bulgarian legislation and the best international practices.
Ministry of Finance: We Are Taking Steps to Reduce the Deficit Starting With the 2027 Budget
EU Finance Ministers Voted to Open an Excessive Deficit Procedure Concerning Bulgaria