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

Bulgarian Parliament adopts Bulgarian National Bank bill regulating the status of the euro

Photo: BGNES

The Bulgarian Parliament has adopted the amendments to the Law on the Bulgarian National Bank which regulate the legal integration of the Bulgarian Central Bank into the Eurosystem upon the introduction of the euro as the currency of Bulgaria. The changes affect the status of the euro, the design of the national side of the exchange euro coins, their release and withdrawal from circulation. The law must enter into force on the day specified in the Decision of the Council of the EU on the adoption of the euro by Bulgaria.

During the stormy debates, BSP for Bulgaria stated that Bulgaria was not yet ready to enter the Eurozone. Vazrazhdane expressed fears of rising prices and inflation after joining the Eurozone and fears of loss of sovereignty. 

PP-DB were categorical that it was ridiculous to talk about loss of sovereignty, since Bulgaria is currently in the conditions of a Currency Board. Regarding inflation, it was argued that in 2023, when Croatia joined the eurozone, it had a record for income growth in the EU, and the effect of the euro on inflation in the country was 0.2%.



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

After a brief warming temperatures drop

In the next 24 hours, over most of the country cloud cover will remain significant with temporary breaks. In the morning, visibility will be reduced in some places. On Friday , the wind will be weak, mainly from the east. In the..

published on 2/13/25 6:55 PM

There is a chance that Bulgaria will adopt the euro on 1 January 2026, sources from Brussels said

If Bulgaria meets the eurozone criteria, there is nothing to stop it adopting the euro on 1 January 2026. This is what Brussels sources told BNR correspondent Angelina Piskova. They said that the decision should be taken by the EU Council. This is..

published on 2/13/25 6:02 PM

Some shoppers walk out of hypermarkets on boycott day

In line with the example set by Croatia, followed by Greece, Romania, Slovenia, North Macedonia, Montenegro, and Bosnia and Herzegovina , four organizations in Bulgaria declared January 13 a day for boycotting the large retail chains in protest of high..

published on 2/13/25 5:18 PM