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A quarter of household savings in Bulgaria are now held in euros, reflecting growing confidence in the currency and its widespread use. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of corporate deposits are already denominated in euros. He attributes this trend to Bulgaria’s strong economic ties with the eurozone and the European Union, which have made the euro increasingly accepted among both citizens and businesses.
Chobanov also noted that preparations are progressing for the transition of card payments from the Bulgarian lev to the euro. A key part of this process is the planned integration of BORICA—the national card payment system—into the European TARGET system by the end of the year.
Additionally, the BNB has already connected to the Eurosystem’s TIPS platform, enabling instant payments in euros. This system allows for immediate local and cross-border transfers—completed within 10 seconds—at any time of the day, further supporting the adoption of the euro in everyday financial operations.
Bulgaria’s National Revenue Agency (NRA) has carried out more than 3,200 inspections under the Euro Law, with detected violations remaining below 10 percent
Bulgaria’s business sector entered the euro era with relatively limited disruption, thanks to early planning, coordinated communication and a clearly defined transition timetable
Annual inflation across the eurozone eased further in December, slipping below the European Central Bank’s 2 percent benchmark, according to updated data released by Eurostat
Vice President Iliyana Yotova is set to become Bulgaria’s first woman head of state after President Rumen Radev announced that he will submit his resignation on January 20, marking the end of his mandate.
In a landmark address to the nation, President Rumen Radev announced that he will resign from his post before the Constitutional Court in order to participate in the upcoming elections.
On Tuesday, January 20, 2026, weather conditions in Bulgaria will gradually stabilize. The wind will ease and turn from the southeast, while sunshine will dominate most of the day
Bulgaria’s outgoing Agriculture Minister Georgi Tahov has assured that the European Union’s trade deal with Mercosur will not negatively affect the country’s economy, pointing to the very limited trade between Bulgaria and the South American bloc.
Simeon Dyankov, chairman of Bulgaria’s Fiscal Council, has warned that price increases implemented by traders are likely to remain in place despite new laws and fines
The Bulgarian government has approved an additional €25 million in revolving credit for Bulgarian Posts EAD to support the ongoing exchange of levs into euros at post offices
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
The process surrounding Bulgaria’s transition to the euro is unfolding smoothly and compares favorably with similar experiences in other countries
The process of converting Bulgarian levs to euros continues smoothly, with 48.3% of the national currency already withdrawn from circulation
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