Text size

25% of household deposits are now in euros

published on 4/30/25 4:23 PM

Petar Chobanov

Photo: Bulgarian National Bank

The preparation of the migration of card payments from Bulgarian leva to euros and the corresponding accession by the end of the year of the BORICA card payment system to TARGET is in an advanced phase, the Deputy Governor of the Bulgarian National Bank, Petar Chobanov, told BTA.

The accession implemented by the BNB to the Eurosystem TIPS service already allows for immediate local and cross-border payments in euros - up to 10 seconds at any time of the day.

According to Chobanov, 25% of household deposits and 32% of those of companies are already in euros, which shows that the euro is already well accepted among the population and business due to Bulgaria's economic ties with the eurozone and the EU.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News adoption of the euro Bulgarian National Bank deposits euro

More from category

Sofia has evacuated its embassy in Tehran

Bulgaria's diplomatic mission in Tehran has been evacuated. The embassy will be temporarily relocated to Baku , the capital of Azerbaijan. Prime Minister Rosen Zhelyazkov announced this to journalists in Sofia. Seventeen Bulgarians, 12 of whom..

published on 6/19/25 1:00 PM

Eurostat data shows Bulgarians have higher purchasing power than Hungarians

According to Eurostat data , in 2024 Bulgaria and Estonia ranked second to last in the EU in terms of actual individual consumption (AIC) per capita . This important indicator of household material well-being is lowest in Hungary, at 72% of the..

published on 6/19/25 11:48 AM

Bulgarian Foreign Minister: 'Macedonian identity and language' irrelevant to Skopje's EU integration.

'International law does not address the recognition of identities and languages, and this also applies to North Macedonia,' said Foreign Minister Georg Georgiev, quoted by BGNES. ‘Formulations such as “recognition of Macedonian identity” and..

published on 6/19/25 11:22 AM