Bulgaria’s Euro Transition Exposes State Weakness as Prices Surge
Bulgaria’s switch to the euro on January 1, 2026, was meant to be a technical procedure: a fixed exchange rate, dual pricing, monitoring, and clear sanctions
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The state will also take over part of the employer-provided insurance under the 60:40 scheme. GERB accepted the MRF proposal.
"We decided on the budget committee to comply with the demands of the business. In addition to applying the "60 to 40" measure for businesses, the state, in addition to those 60%, will also pay the employer-provided insurance. Thus the scheme will not be "70 to 30" but will be "60 to 40". I think we can cover that extra expense. " This was stated after a meeting of the Budget Committee by its chairman Menda Stoyanova
Only the employer's contributions will be covered - the personal remains for the employee, she said.
In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year.
Retail trade in Bulgaria continued its strong momentum at the end of 2025, standing out among European Union countries as one of the top performers, according to Eurostat data.
Between 2019 and 2023, Bulgaria’s industrial sector has experienced a significant contraction, with roughly 104,557 jobs lost, nearly half of them in the processing industry, amounting to almost 15% of the country’s industrial workforce
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
French President Emmanuel Macron’s top diplomat, Emmanuel Bonne, traveled to Moscow on Tuesday to meet with Russian officials, aiming to discuss key issues, with Ukraine at the forefront.
From February 1, 2026, Bulgaria officially completes its transition to the euro, which now serves as the country’s sole legal currency.
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