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.
Asen Vassilev
Bulgaria's journey toward Eurozone membership has taken a significant step forward, with Finance Minister Asen Vassilev projecting a prospective entry date of January 1, 2025. In a collaborative effort to bolster regional ties, Vassilev engaged in fruitful discussions with Greek Finance Minister Stavros Papastavrou. The ministers underscored the robust and cooperative relationship between Bulgaria and Greece, emphasizing their pivotal roles as stabilizing forces in an increasingly uncertain geopolitical landscape.
During the media briefing, Minister Vassilev highlighted ongoing talks to enhance connectivity in the south-north direction, showcasing a commitment to fortifying regional infrastructure. Greece, in a show of support, advocated for Bulgaria's full Schengen membership, anticipating positive outcomes such as opened land borders and eased traffic across all border points.
The announcement follows a high-profile meeting between Bulgarian Prime Minister Academician Nikolay Denkov and Greek Prime Minister Kyriakos Mitsotakis on January 4, 2025. Both nations are actively working to strengthen their neighborly relations, contributing to regional security and stability.
As the Eurozone beckons, Bulgaria stands poised to achieve a significant milestone, marking a new chapter in its economic trajectory and European integration.
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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