Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian government adopts plan for introduction of the euro

| updated on 5/27/22 6:06 PM
Finance Minister Assen Vassilev at a press briefing, 27 May 2022
Photo: gov.bg

The Bulgarian government has adopted a plan for the introduction of the euro in Bulgaria. At a briefing at the Council of Ministers, Deputy Prime Minister and Minister of Finance Asсen Vassilev explained that this is an operational plan that gives clear deadlines and tasks to banks, payment and state institutions, how exactly to introduce the euro, how to convert and reverse deposits and loans. 

A number of legislative changes are forthcoming, including an amendment to the Bulgarian National Bank Act, and public and expert discussions on Bulgaria's accession to the euro area will continue, Vassilev said.

A period of three months before the introduction of the euro and nine months after that, in which the prices of goods and services will be published in both BGN and EUR, is envisaged for consumer protection. The aim is for unscrupulous traders not to take advantage of the change of currency and raise prices, said Asen Vassilev.

The cabinet ministers from the Bulgarian Socialist Party, BSP, voted against, stating as their motive the agreement on the formation of the government, according to which the decision is to be made after the Bulgarian National Bank makes an analysis of the effects. No such analysis has, as yet, been made, the BSP says. 





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Dimitar Manolov, head of Podkrepa Union

Podkrepa Trade Union to start meetings with parliamentary groups on 2025 state budget

Next week, the Podkrepa Trade Union will begin a series of meetings with parliamentary groups in the National Assembly on the 2025 state budget, BTA reported. During the talks, the unions will offer their views on the increase in salaries in the budget..

published on 2/28/25 4:34 PM
Social Minister Borislav Gutsanov

Support for the most vulnerable groups of Bulgarian society will remain, says Social Ministser

Funds will be found for both procedures – “Hot Lunch” and “Home Care”, which are among the most sought-after measures to support the most vulnerable members of society.  During the parliamentary control sitting earlier today, in response to a..

published on 2/28/25 4:31 PM

Bulgaria joins initiatives marking World Rare Disease Day

In support of people with rare diseases, balloons in different colors flew over Sofia at noon, BTA reported. The balloons were released in the courtyard of the Alexandrovska Hospital, where medical specialists, patients and their relatives gathered..

published on 2/28/25 2:46 PM