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

Shop prices to be displayed in Leva and in Euro one month after announcement of Eurozone accession date

Photo: EPA/BGNES

One month after the date is announced of the country’s entry into the Eurozone, shop prices will start to be displayed in both Leva and Euro, and this will continue for one year after the Euro is introduced in the country, the Council of Ministers announced in a Facebook post under the hashtag FactsVersusDisinformation.  

Prices will be calculated at the current rate of exchange, in which the Bulgarian Lev is pegged to the euro at BGN 1.95583 to EUR 1, and the rounding off will be up to 2 decimal places. Knowing this, anyone will be able to calculate how much a given commodity is going to cost in euro, and whether its price has gone up after entry into the Eurozone.

The Council of Ministers describes the claims that there will be an inflationary shock after the adoption of the Euro as fake news, and gives as an example Croatia where inflation went down in the first months after its entry into the Eurozone.

There will be no change in incomes or purchasing power, the cabinet says further. “Quite the opposite, incomes are expected to rise gradually because businesses will cut down on their import currency conversion costs, improve their competitiveness and will be able to set more money side for salaries. Salaries and pensions will be recalculated automatically at the same exchange rate, and with the money in euro, people will be able to buy the same things in the same amounts that they can with their current incomes,” the post reads further.



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

King Abdullah II of Jordan

King Abdullah II of Jordan visits Sofia to co-chair high-level meeting

Bulgaria and Jordan will co-chair a high-level meeting in Sofia as part of the Aqaba Process Initiative . At the invitation of Bulgarian President Rumen Radev and His Majesty King Abdullah II of Jordan, heads of state, government officials,..

published on 3/31/25 2:44 PM

The number of work accidents is increasing

Work accidents last year were 114 more than in 2023, while deaths decreased by a quarter, the National Social Security Institute reports. A total of 3,108 work accidents were declared during this period - most of them occurred at..

published on 3/31/25 11:25 AM

More than 7,000 people from non-EU countries are looking for work in Bulgaria

From the beginning of the year until March 10, the Employment Agency received more than 7,000 applications for access of citizens from non-EU countries to the Bulgarian labor market, a written response of the Minister of Social..

published on 3/31/25 10:58 AM