Loan Interest Rates to Stay Stable as Bulgaria Transitions to the Euro, Says Expert
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
The planned budget update is going to be voted Monday at an emergency sitting of the Bulgarian Cabinet.
Finance Minister Petar Chobanov has already said that despite the new loan of BGN 1 B, there are no projected increases of the minimum monthly wage or the so-called Christmas bonuses for the retirees.
He, however, did not exclude the possibility to seek ways to secure the above. Members of the Parliament from the left-wing Bulgarian Socialist Party, BSP, have commented before bTV that "the action plan" for the next 6 months might be ready as early as July 26.
The update and the half-year action plan come on the backdrop of peaceful, but mass and relentless protest rallies against the Socialist-endorsed government of Prime Minister, Plamen Oresharski.
BSP is holding a National Council sitting on July 26 when its members will be informed about the intentions of the government.
A number of economic experts in the country have blasted the plan as well.
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June
Some Bulgarians are beginning to exchange their leva for euros ahead of the country’s eurozone entry, only to find that the rates offered at banks and exchange offices differ from those announced publicly
Bulgaria’s annual inflation rate climbed to 4.4% in June 2025, marking its highest point since December 2023
Deputy Finance Minister Metodi Metodiev described the recent upgrades to Bulgaria’s credit rating by three international agencies as a clear sign of growing investor confidence
The Bulgarian National Bank (BNB) will begin issuing commemorative coins in euros starting next year
The European Council's decisions from July 8, 2025, marked the final approval for Bulgaria to adopt the euro as its official currency starting January 1, 2026
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