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
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.
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Iliya Lingorski, a member of the Bulgarian National Bank's (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria
The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency.
During the one-month transition period after Bulgaria adopts the euro, ATMs across the country will distribute only euro banknotes
The World Bank has revised down its forecast for Bulgaria’s economic growth in 2025, citing a broader global economic slowdown
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