Bulgaria has formally requested close cooperation with the European Central Bank (OBZOR)

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Sofia. The Council of Ministers authorized the Minister of Finance Vladislav Goranov to send a letter on behalf of the Republic of Bulgaria calling for the establishment of close cooperation with the European Central Bank (ECB). The government's decision is a further step after the support received on July 12, 2018 by the Eurogroup, concerning the intention of the Bulgarian authorities to join the Bulgarian lev to the exchange rate mechanism II. Close cooperation shall be established by decision of the ECB, subject to the conditions set out in Article 7 of Regulation (EU) No 1024/2013
"Tova fopmalno peshenie e in pezyltat na dalgogodishna ĸomyniĸatsiya of the ctpana na balgapcĸite vlacti and ctpanite of the evpozonata, EK and the ECB of the chact of the charter patnata ĸapta ppicaedinyavane na Balgapiya ĸam evpozonata and na balgapcĸiya lev ĸam mexanizma na ERM 2" ĸaza minictapat na FINANcité Vladislav Goranov. According to the law, the ECB must have a clear interest rate between six and twelve months in the absence of demand. "What we will send in addition to the official request for close cooperation with the European Central Bank in banking supervision, it is also a project of amendments to Bulgarian legislation so that & # 39; 39 it meets the requirements of the Regulation.If all is well under the Regulation, euro area Member States have declared that, at the time the ECB gave a positive badessment, they would support the accession of the leu Bulgarian to ERM 2, which is the overflow of most of the way to the euro area, "explained Goranov. The Finance Minister stressed that, for the first time since Bulgaria is in the EU, euro area member states have committed themselves to respect specific deadlines and decisions regarding the Bulgarian prospects for the euro area . "I continue to believe, and this is shared by the Bulgarian National Bank that this is the right way.When joining the euro area, we will start participating in the Union's monetary policy decisions, and this will This is one of the few benefits we will achieve unless we increase our confidence in our economy, "Goranov said.
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