Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
As of February 6, 2026, Bulgaria continues to make steady progress in withdrawing the national currency, the leva, from circulation. According to the Chairman of the Euro Coordination Council, Vladimir Ivanov, the process is proceeding smoothly, and officials expect it could be completed by the end of the month. Currently, around 5.9 billion leva in banknotes and coins remain in circulation, meaning that approximately 81% of all leva have already been collected by the Bulgarian National Bank (BNB).
Meanwhile, the euro has been successfully introduced, with over 6.7 billion euros already put into circulation to support the normal functioning of the economy. Ivanov emphasized that until June 30, 2026, citizens can exchange leva for euros free of charge at the BNB, ensuring a smooth transition to the pan-European currency.
From January 5 to February 6 alone, Bulgarian Posts facilitated the exchange of 182 million leva into euros, highlighting the scale of the operation. Ivanov also urged older citizens not to fall for offers to exchange leva at home and cautioned against carrying large amounts of cash, stressing that safety should remain a priority.
To enhance security, Bulgarian Posts maintains a police presence during pension distribution periods and advises pensioners to follow the previously announced schedules for visiting post offices. This coordinated approach aims to guarantee a secure and orderly transition from leva to euros across the country.
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
The Coordination Center for the Euro Adoption Mechanism held its regular briefing yesterday, highlighting that the process of adopting the euro in Bulgaria is progressing smoothly. One of the central points of discussion was the current inflation situatio
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