Bulgarian National Bank to Launch First Euro-Denominated Gold Coins in 2026
The Bulgarian National Bank (BNB) will begin issuing commemorative coins in euros starting next year
Bulgaria's Central bank (BNB) revoked the banking license of troubled Corporate Commercial Bank (KTB), said BNB in a press statement, dated November 6.
The BNB managing board established a negative capital of KTB to the amount of BGN – 3.74 B and that the bank does not comply with the legal requirements. Hence, BNB requested that the "corresponding court" starts an insolvency procedure.
In accordance with the Bank Bankruptcy Act, BNB requested that the Bulgarian Deposit Insurance Fund be informed of the procedure and commence preparation for appointment of an assignee in bankruptcy.
Until this happens, the stewards Stanislav Lyutov and Elena Kostadincheva will continue with the fulfillment of their duties.
Earlier on Thursday BNB revoked KTB's license from March 2014 to increase its capital by EUR 35 M and referred the matter to the Prosecutor's Office.
Lyudmila Elkova underscored that joining the eurozone goes beyond mere procedural steps
As Bulgaria stands on the verge of adopting the euro, the country faces a sharp rise in counterfeit banknotes
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
Bulgaria’s annual inflation rate climbed to 4.4% in June 2025, marking its highest point since December 2023
Deputy Finance Minister Metodi Metodiev described the recent upgrades to Bulgaria’s credit rating by three international agencies as a clear sign of growing investor confidence
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