Bulgaria: Consumer Protection Commission Reports Surge in Complaints After Euro Adoption
Just two weeks after Bulgaria officially adopted the euro, the Consumer Protection Commission (CPCo) is handling an unprecedented volume of consumer reports.
Alpha Bank will reportedly sell 30% in its Eastern European units to European Bank for Reconstruction and Development.
Alpha Bank plans to separate its units in Romania, Ukraine, Serbia, Bulgaria, Albania and Macedonia from their Greek parent and place them into a holding company in which the EBRD would buy a stake, Athens-based Real News reported on Sunday, as cited by Bloomberg.
The Greek newspaper has not revealed how it received the information.
The process surrounding Bulgaria’s transition to the euro is unfolding smoothly and compares favorably with similar experiences in other countries
The process of converting Bulgarian levs to euros continues smoothly, with 48.3% of the national currency already withdrawn from circulation
As Bulgaria phases out the lev at the end of January, the numismatic market is already responding to the change, though not all coins are attracting attention.
The shift to the euro in Bulgaria is proceeding more smoothly than many anticipated, according to Petar Ganev, senior economist at the Institute for Market Economics
Twelve days into Bulgaria’s adoption of the euro, the transition is showing signs of strain, particularly in the exchange of levs for euros
The Bulgarian National Bank reported that as of January 9, cash in circulation denominated in Bulgarian leva stood at 16.1 billion leva, equivalent to roughly 8.23 billion euros
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