Bulgaria Gears Up for the Euro: Essential Cash Register and Vending Machine Updates (KEY DATES)
With Bulgaria preparing to adopt the euro as its official currency, changes in how retail transactions are processed are on the horizon
A series of crises are in the offing – medical, economic, Anton Kutev, spokesperson for the caretaker government said in an interview for the BNR’s Horizont channel.
He stated that the reason is that all budgetary reserves have been depleted. According to Anton Kutev an update of the budget is a must so that the cost of the economic, social and Covid measures can be covered.
“Tax collecting is going well, and by the end of the year there will be an additional 2 billion Leva in the budget. The money is there,” Anton Kutev said. However, if there is no update, by October there will be no money for different financial costs. “The caretaker cabinet has done a lot of work and that is meeting resistance,” Anton Kutev commented further, and went on to express doubts whether a new government will be formed. “I now have practically no doubts that there will be a new caretaker cabinet.”/BNR
Bulgarian fintech company Paypercut has secured €2 million in pre-seed financing
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
Digitalization is no longer a concept of the future. It is the present reality in which businesses operate, compete, and create value
On July 15, 2025, the international credit rating agency S&P Global Ratings raised Sofia Municipality’s long-term credit rating from “BBB” to “BBB+”
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
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