April 26, 2018 / 12:34 PM / a month ago

EU's Dombrovskis says Bulgaria has realistic timeline for ERM-2

SOFIA (Reuters) - Bulgaria’s aim to join the ERM-2, the two-year obligatory precursor to the euro zone, within a year is a realistic timetable, European Commission Vice President Valdis Dombrovskis said on Thursday.

FILE PHOTO: European Commission Vice President Valdis Dombrovskis takes part in a news conference on the capital markets at the EU Commission headquarters in Brussels, Belgium, March 8, 2018. REUTERS/Yves Herman/File Photo

Speaking at a public debate in Sofia, Dombrovskis, who is also the EU’s financial services chief, said the commission supports Sofia’s accession to the ERM-2 and the process can start during its EU presidency that ends in June.

Reporting by Tsvetelia Tsolova; Editing by Matthew Mpoke Bigg

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