Bulgaria Gears Up for the Euro: Essential Cash Register and Vending Machine Updates (KEY DATES)
With Bulgaria preparing to adopt the euro as its official currency, changes in how retail transactions are processed are on the horizon
Bulgaria's telecom watchdog has awarded the license for what will be the country's public service DTT multiplex to Bulsatkom company, which hopes to start construction works this summer.
Bulgaria decided at the end of December 2011 to hold a tender for yet another multiplex, its seventh, a surprising last-minute decision, which local experts slammed as a mere eye- wash for Brussels, which referred the country to EU court over the assignment of digital broadcast spectrum.
“We hope that the procedure for the construction of the seventh multiplex will get underway this summer after a new government and a new defense minister are appointed,” Plamen Petkov, representative of the company, told local media.
Petkov confirmed that the frequencies that the regulator is considering for building a new network, are primarily used by the Defense Ministry.
He said he remains optimistic that the seventh multiplex will be a success despite concerns that its holder is in a much more disadvantaged position than Hannu Pro and Towercom, which have already grabbed the lion's share of the market.
The European Commission demanded that Bulgaria publish the conditions of the tender as soon as possible, so that potential new entrants can prepare their applications, be selected and enter the market before the date set for the analogue switch off, September 1 2013.
The Commission said it will monitor that the tender conditions are in line with the Directives and allow effective entry into the digital terrestrial broadcasting infrastructure market.
Until the deadline for the analogue switch-off in the country expires the government is expected to splurge BGN 150 M on freeing frequencies currently held by the military, but it is still not clear how this will happen and at what price.
Bulgaria has repeatedly informed Brussels of the problems it faces in freeing frequencies.
Bulgarian fintech company Paypercut has secured €2 million in pre-seed financing
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June
Some Bulgarians are beginning to exchange their leva for euros ahead of the country’s eurozone entry, only to find that the rates offered at banks and exchange offices differ from those announced publicly
Digitalization is no longer a concept of the future. It is the present reality in which businesses operate, compete, and create value
On July 15, 2025, the international credit rating agency S&P Global Ratings raised Sofia Municipality’s long-term credit rating from “BBB” to “BBB+”
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Operation Rising Lion: Why and How Israel Attacked Iran
EU Population Grows by Over a Million, While Bulgaria Continues to Shrink