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

Supermarket boycott already bearing fruit, says agriculture minister

The effects of the protests against supermarkets are being felt, Agriculture Minister Georgi Tahov said in Plovdiv, where he was attending a national meeting of fruit and vegetable producers. He added that there had already been a drop in the price of..

published on 2/27/25 1:09 PM

Filling military vacancies - a key objective in the defence sector 

Filling the large number of vacancies in the armed forces and improving their social status and motivation is the main objective of the Governance Programme for the period 2025-2029 in the "Defence" sector . Other expected outcomes of this programme..

published on 2/27/25 11:04 AM

Citizens boycott banks and food chains

A third supermarket boycott has been announced for today. This time the organisers are calling not only for a halt to shopping in large stores, but also to banking transactions - withdrawals, deposits, transfers and payments. Boycotting chain stores..

published on 2/27/25 10:10 AM