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During the Great Recession, Bulgaria saw its economy decline by 5.5% in 2009, but quickly restored positive growth levels to 0.2% in 2010, in contrast to other Balkan countries. [7] However, the growth continued to be weak in the following years, and GDP only reached pre-crisis levels in 2014.
Bulgaria's unit of currency is the lev (pl., leva). In October 2006, the U.S. dollar was worth 1.57 leva. In 1999, the value of the lev was pegged to that of the German Deutschmark, which was replaced by the euro in 2001. Following Bulgaria's admission to the EU, the lev is scheduled to be replaced by the euro. [143]
In order to change this, in 1997, the lev was pegged to the Deutsche Mark, with 1,000 lev equal to 1 DM (one lev equal to 0.1 pfennig). Since 1997, Bulgaria has been in a system of currency board, and all Bulgarian currency in circulation has been completely backed by the foreign exchange reserves of the Bulgarian National Bank (BNB).
WTCL-LD (channel 6) is a low-power television station in Cleveland, Ohio, United States, affiliated with Telemundo.It is owned by Gray Media alongside CBS affiliate WOIO (channel 19), CW affiliate WUAB (channel 43) and independent station WOHZ-CD (channel 22); WTCL and WOHZ also function as ultra high frequency (UHF) repeaters for WOIO.
10-year Treasury : -4.1 bps to yield 1.8070% 3:05 p.m. ET: Natural gas for February sees record-setting spike Gas for February delivery spiked 72% suddenly in afternoon trading, reflecting the ...
The S&P 500 bounced roughly 2%, while the Dow Jones Industrial Average gained nearly 550 points, or 1.9% after both major averages hit fresh 2022 lows this week. The Nasdaq Composite rallied about ...
In 1997 another Law on the BNB superseded the previous one; it reorganized the monetary system, and from 1 July a currency board arrangement was put in place. At first, the Bulgarian Lev was pegged to the Deutsche Mark, and from 1999 – to the Euro, at the rate of 1.95583 Leva for 1 Euro. Later in the same year the Bulgarian Lev was re ...
The S&P 500 gained 1.4%, while the Dow Jones Industrial Average (^DJI) increased by 1.5%, or more than 500 points. The technology-heavy Nasdaq Composite ( ^IXIC ) advanced by 1.2%.