ECB Sets Timeline for Digital Euro, Eyes 2029 Launch
The European Central Bank (ECB) has confirmed that the introduction of a digital euro will proceed only once the necessary legislative framework is established by European institutions
The National Revenue Agency (NRA) has continued monitoring commercial establishments and service providers across Bulgaria following the country’s switch to the euro. By January 11, inspections had been carried out at more than 1,500 locations, uncovering 116 violations.
Anna Mitova, Director of the Communications Directorate at the NRA, noted that penalty orders had been issued for 12 cases, totaling just over €15,500 (approximately 30,400 BGN). “Most violations identified by January 11 are within service sectors such as hairdressing and beauty salons, parking lots, garages, and gyms,” she said.
The NRA has received over 1,300 reports from the public and continues to track compliance in multiple industries. Mitova highlighted that thematic inspections have been a major part of the process, citing that more than 500 beauty salons, 150 parking lots, and over 200 fitness centers have already been reviewed since the start of the year.
Observations indicate that merchants are increasingly handling transactions in euros smoothly, with regular payments and correct change being provided. Mitova emphasized that the NRA’s approach aims to avoid overburdening businesses, applying minimal fines where possible, around €2,556 (roughly 5,000 BGN), while noting that repeated or severe violations can result in penalties up to €102,000 (approximately 200,000 BGN).
She concluded with a warning that authorities hope no merchants will attempt to exploit the euro transition for price manipulation.
The housing market in Bulgaria is undergoing notable shifts, with buyers increasingly prioritizing location and accessibility over sheer size.
Bulgaria closed 2025 with the unemployment rate hitting a historic low of 3.2 percent, according to the latest data from the National Statistical Institute
In the final quarter of 2025, Bulgaria’s economy showed signs of slowing, with gross domestic product (GDP) rising by 2.9 percent year-on-year, down from 3.1 percent in the same period of 2024.
Bulgaria saw a record influx of Romanian tourists in 2025, according to the latest figures from the National Statistical Institute
In 2025, Bulgarian wineries produced a total of 66 million litres of wine, according to Krasimir Koev, Executive Director of the Executive Agency on Vine and Wine.
Bulgaria’s parliament has approved an agreement with North Macedonia to build and operate a cross-border railway tunnel connecting the two countries.
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