Bulgaria’s Euro Shift Begins: Shops Start Showing Leva and Euro Prices Before Deadline
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
The international rating agency, Fitch Ratings, raised the prospect of the long-term credit rating of the Bulgarian Development Bank, the bank said. They then specify that the bank receives the highest possible credit rating for a financial institution in Bulgaria.
The ratings of the rating agency are changed from the BBBBU to a stable BBBB with a positive long-term credit rating outlook.
The Bulgarian Development Bank explains that this shows a balance of the risks associated with rating the credit rating.
They recalled that by the end of 2018 its assets grew by 22% compared to the same period in 2017 and reached over BGN 3 billion.
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
E-signatures have transformed document signing, offering many benefits over traditional paper signatures.
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
In recent weeks, Bulgaria has seen a noticeable uptick in demand for euro banknotes
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
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