Rheinmetall CEO: Securing NATO’s Eastern Flank Key as Bulgaria Hosts New Defense Plants
Armin Papperger, CEO of the German arms manufacturer Rheinmetall, stressed the critical importance of securing NATO’s eastern flank
From 1 January 2024 Bulgarians will pay with Euros in stores. This is the indicative date for Bulgaria's entry into the Euro area.
It is mentioned in a draft amendments to the decree of the Council of Ministers, which regulates the activities of the Coordination Council for preparation of Bulgaria for membership of the Euro area.
By 30 June 2021, the Coordination Council must draw up a draft National Plan for the introduction of the Euro in Bulgaria. The Co-Chairs of the Council will be the Minister of Finance and the Governor of the BNB, the amendments envisage.
The obligations of Bulgarian institutions with regard to the introduction of the Euro currency are also described. For example, the BNB will be responsible for the ATM software so as to ensure that they work with Euro banknotes. BNB is also responsible for the design of the Bulgarian Euro coins.
The Council’s Working Party on Consumer Protection will monitor the recalculation of prices from BGN to EUR in order to overcome the vicious practice of sellers rounding up prices. A campaign for a "fair introduction of the euro" will also be initiated.
The Council's Communication Working Party will print information materials for different target groups (students, pensioners, households, people with special needs, ethnic minorities). It will also maintain a dedicated euro information site.
Deputy Governor of the Bulgarian National Bank (BNB) Assoc. Prof. Petar Chobanov stated that Bulgaria’s forthcoming adoption of the euro will transform not only the country’s financial system but also its position within Europe
Bulgarian economist Viktor Papazov, a Harvard graduate and one of the founders of the Bulgarian Stock Exchange and the Central Depository, has delivered a stark warning about Bulgaria’s adoption of the euro
Bulgaria’s first budget in euros has sparked strong criticism from economists and opposition politicians, who describe it as the worst financial plan in more than twenty-five years
In the first nine months of 2025, commercial banks in Bulgaria reported a total profit of 2.8 billion leva (approximately 1.43 billion euros)
Over the past two decades, the economic growth in Bulgaria has been remarkable
For the first time, samples of Bulgaria’s new euro coins were presented on national television by the Chief Treasurer of the Bulgarian National Bank, Stefan Tsvetkov
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence