UKs PM Brown declares support for faster eurozone entry for Bulgaria.

By bne IntelliNews February 9, 2010
The UK s PM Gordon Brown has said during a meeting with Bulgarian PM Boyko Borisov in London on Monday (February 8) that the UK government will support faster entry of Bulgaria into the eurozone. Earlier in the month, finance minister Simeon Dyankov declared that the application for the exchange rate mechanism (ERM II), which is the first step in the process, will be submitted by the end of the Spanish EU Presidency. At present, the country does not meet two of the Maastricht criteria for adopting the euro, i.e. the benchmarks for inflation and long-term interest rates. Gordon Brown has promised also support for the Nabucco gas project and easing the access for Bulgarians to the UK labour market. The Bulgarian delegation, comprising also interior minister Tsvetan Tsvetanov and foreign minister Nikolay Mladenov, met also with representatives of the Conservative Party, who vow to retain the policy of the current government with respect to Bulgaria in case of success in the summer elections.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335