Up To BGN 5,000 Fine For Incorrect Conversion And Rounding Of Prices From BGN To EUR
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
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SOFIA (Bulgaria), August 8 (SeeNews) - The value of Bulgarian banks' outstanding loans to the non-government sector rose 5.9% on the year to 53.3 billion levs ($31.6 billion/27.3 billion euro) at the end of June, from 4.0% annual growth at the end of the previous quarter, Bulgarian National Bank (BNB) data showed on Wednesday.
The number of loans provided by Bulgarian banks to the non-government sector stood at 3.04 million at end-June, up by an annual 10%, BNB said in a statement.
Outstanding loans to non-financial corporations totalled 32.25 billion levs at the end of June, while loans to households and non-profit institutions, serving households amounted to 21.03 billion levs
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In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
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The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
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