Bulgaria Nears Completion of Leva Withdrawal as 81% Taken Out of Circulation
As of February 6, 2026, Bulgaria continues to make steady progress in withdrawing the national currency, the leva, from circulation.
Boyko Borissov, former Prime Minister and current leader of the ruling party in Bulgaria (GERB), expressed optimism regarding the upcoming negotiations over Ukraine, praising US President Donald Trump’s approach to talks with Russian President Vladimir Putin and European leaders. Speaking in Plovdiv, Borissov described Trump’s efforts as a “jeweler’s operation,” noting that he had the courage to stake his authority and meet directly with Putin - a move Borissov characterized as a heavy responsibility. He added that Trump then skillfully coordinated with European leaders alongside Ukrainian President Volodymyr Zelensky, taking significant steps in the diplomatic process.
Borissov also commented on Putin’s likely motivations, suggesting that the Russian leader would seize any opportunity to end the international isolation Russia has faced in recent years. “I am an optimist,” Borissov said. “As far as I know Putin, he will not miss the chance to make his move. Trump made an extremely strong move which, if successful, will benefit everyone; if it fails, the consequences will be very negative for Europe.”
The remarks came during Borissov’s visit to Plovdiv’s Trakia district, where he participated in discussions with Metropolitan Nikolai about completing the Orthodox church “St. Tsar Boris.” The church, whose construction began 30 years ago, has undergone multiple modifications to comply with Orthodox canon. Once finished, the three-nave basilica will span 1,200 square meters and reflect medieval Orthodox architectural traditions, including features reminiscent of the Episcopal Basilica in Plovdiv. So far, 2 million leva have been invested in the project, with roughly the same amount still needed to finish it.
Borissov pledged to support government funding for the church’s completion, emphasizing that major investments are being directed toward education, science, religion, and sports to improve the well-being and knowledge of citizens.
In addition to his comments on international diplomacy and the church project, Borissov addressed domestic issues. He praised the government’s management following the adoption of the Euro Law, stating that he had not observed a rise in food or consumer goods prices since its implementation. He also touched on the ongoing water crisis in Bulgaria, particularly in Pleven, noting that his administration had allocated 1.2 billion leva for the water sector - funds which, he claimed, were later spent on pensions by the current government. Borissov insisted that these resources should be re-secured to help overcome water shortages, especially in Northern Bulgaria.
During consultations with President Iliana Yotova, "Greatness" party leader Ivelin Mihaylov emphasized the urgent challenge facing the caretaker government: halting ongoing harmful processes and initiating a positive recovery.
At a meeting held at GERB’s headquarters, party leader Boyko Borissov met with British Ambassador to Bulgaria, H.E. Nathaniel Copsey, to discuss issues of regional security, the strategic partnership between Bulgaria and the United Kingdom, and the import
Outgoing Bulgarian Defence Minister Atanas Zapryanov confirmed that the Bulgarian Army is in the process of transitioning to NATO-standard weapons, a step aimed at modernizing its arsenal.
During consultations at the presidency, President Iliana Yotova welcomed representatives of the "Morality, Unity, Honor" (MECH) party, including party leader Radostin Vassilev, MECH parliamentary group chairman Kiril Veselinski, and MPs Krasimir Manov and
During consultations with President Iliana Yotova on the appointment of a caretaker prime minister, the Alliance for Rights and Freedoms (APS) clearly expressed its position that Andrey Gyurov, the agreed deputy governor of the Bulgarian National Bank (BN
The civil association BOEC has announced the alleged discovery of a site linked to the Russian private military company Wagner near the Bulgarian village of Kladnitsa in Pernik region.
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