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Budget Committee Chairman Yordan Tsonev (L) with Bulgarian National Bank Governor Yordan Tsonev at the emergency meeting of the committee. Photo by BGNES
Ivan Iskrov, Governor of the Bulgarian National Bank (BNB) has attended an extraordinary session at the Budget and Finance Committee at Bulgaria's Parliament.
The meeting called by committee Chairman Yordan Tsonev, a Movement for Rights and Freedoms (MP) is dedicated to the results of an independent audit carried out at the Corporate Commercial Bank (KTB), Bulgaria's fourth-largest bank.
Earlier on Friday, BNB announced it would scrap the license of KTB and nationalize its subsidiary Credit Agricole Bulgaria as a consequence of the inspection's outcome, which showed the former bank was involved in activities contravening good legal and banking practices.
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
New BNB figures for October 2025 show that lending to households continues to rise at a noticeably faster pace than deposits
The Bulgarian National Bank plans to release a 2-euro commemorative coin titled “Bulgarian Alphabet” in the second half of 2026, highlighting one of the nation’s most significant cultural and spiritual symbols
Deputy Governor of the Bulgarian National Bank (BNB) Assoc. Prof. Petar Chobanov stated that Bulgaria’s forthcoming adoption of the euro will transform not only the country’s financial system but also its position within Europe
Starting January 1, 2026, the Bulgarian National Bank will provide unlimited lev-to-euro exchange free of charge
Bulgarian National Bank Governor Dimitar Radev described Bulgaria’s upcoming entry into the eurozone as both an economic and strategic step
In Bulgaria, the common perception that investing is reserved for the wealthy remains widespread, but recent analysis by Freedom24 shows that households can begin investing with modest amounts of 50–100 BGN (approximately €25–50) per month
The euro has been in use since 1999 as a non-cash accounting unit and since 2002 as physical currency.
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
The digital euro is a crucial tool for strengthening Europe’s financial and strategic independence and will complement physical cash amid the rapid digitalisation of payments.
With two months left until the end of the year, the collection of some of the main taxes is significantly lagging behind the targets set in the budget.
Beginning on January 1, 2026, Bulgaria will adopt the euro as its official currency
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