Gas Stations in Bulgaria Struggle with Dual Currency Display Ahead of Euro Adoption
From August 8, Bulgarian gas stations are expected to display fuel prices in both leva and euros, as part of the euro adoption process
Oil prices have risen by more than 10% in Asian trade since the oil rig attack in Saudi Arabia. Amid fears of a surge in black gold prices, US President Donald Trump has allowed the release of oil from the United States Strategic Oil Reserve.
In Asian e-commerce, US light crude oil for delivery in October rose by nearly ten percent to $ 60.23 a barrel.
London-based North Brent raised its price by 11.04 percent to $ 66.87 a barrel.
The reaction of the markets is not delayed after Saturday's attacks on the facilities of Saudi oil giant Aramco.
The attack by Iran-backed Houthi rebels in neighbouring Yemen, where a Saudi-led Coalition is bogged down in a five-year war, hit two sites owned by state-run giant Aramco and effectively shut down six percent of the global oil supply.
Amid fears of turbulence in the markets, US President Donald Trump has allowed the release of oil from the strategic reserve. It has only been used three times, the last one in 2011 because of the fighting in Libya.
In a tweet, Trump also said that Washington is ready to respond to attacks on Saudi oil infrastructure.
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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