Bulgarians Show Confidence in Euro: 25% of Household Deposits Already in Euros
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Record: Bulgarians Abroad Have Sent over 1 Billion in the Country
- Tweet
Send to Kindle
Bulgarians abroad broke the record by the amount of money they sent to their homeland.
For the first time in history, just over a billion and 100 million euros is the money which migrants transferred to Bulgarian accounts, NOVA reported.
According to statistics, about 80% of the money comes from EU countries. The exact amount is EUR 833 million.
The remaining just over 340 million were sent by Bulgarians living or working in third countries.
Eurostat data also show that Bulgaria ranks fifth in the budget received from expatriates.
Portugal ranks first with just over € 3 billion, followed by Romania, Poland and Croatia.
Related Articles:
Serbia’s EU Path in Question: No Progress, Closer Ties with Russia, EP Warns
The European Parliament (EP) has expressed disappointment over Serbia’s lack of progress in advancing EU accession negotiations
London Court to Decide Fate of Bulgarian Spy Ring Linked to Russia's Military Intelligence
Six Bulgarians, part of a spy ring known as the “Minions,” are facing prison sentences of up to 14 years in the United Kingdom for espionage activities conducted on behalf of Russi
Politics | May 8, 2025, Thursday // 08:35
EU Commission Seeks Legal Action Against Bulgaria for Directive Non-Compliance
The European Commission has decided to refer Bulgaria to the Court of Justice of the European Union for its failure to properly implement several EU directives
EU to End Russian Gas Imports by 2027 as Part of New Energy Strategy
The European Union has set a goal to completely cut off Russian gas imports by 2027 as part of its broader strategy to reduce reliance on Russian energy resources
E-Commerce Growth in Bulgaria Fuels Shift from Cash on Delivery to Seamless Online Payments
Nearly half of Bulgarians now shop online, with 45.2% of those aged 16–74 having bought goods or services via the internet in the past year
Society | May 3, 2025, Saturday // 11:40
Lending Grows by 20.7%, Household Deposits Up 11.4% in March – BNB Reports
According to data published on the Bulgarian National Bank’s (BNB) official website, household lending surged by 20.
Damaged Leva Banknotes to Be Exchanged for Euros Under BNB’s New Guidelines
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
Bulgarians Show Confidence in Euro: 25% of Household Deposits Already in Euros
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Bulgaria's Inflation Expected to Rise Ahead of Euro Adoption
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
Transition to Euro: Bulgaria’s National Bank to Stop Announcing Key Interest Rate
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Economic Expert Highlights Key Hurdles for Bulgaria’s Euro Transition
Iliya Lingorski, a member of the Bulgarian National Bank's (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria
