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A quarter of household savings in Bulgaria are now held in euros, reflecting growing confidence in the currency and its widespread use. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of corporate deposits are already denominated in euros. He attributes this trend to Bulgaria’s strong economic ties with the eurozone and the European Union, which have made the euro increasingly accepted among both citizens and businesses.
Chobanov also noted that preparations are progressing for the transition of card payments from the Bulgarian lev to the euro. A key part of this process is the planned integration of BORICA—the national card payment system—into the European TARGET system by the end of the year.
Additionally, the BNB has already connected to the Eurosystem’s TIPS platform, enabling instant payments in euros. This system allows for immediate local and cross-border transfers—completed within 10 seconds—at any time of the day, further supporting the adoption of the euro in everyday financial operations.
Kēstutis Kupsys, vice president of the Lithuanian Consumers' Union, shared insights from Lithuania’s experience with euro adoption
President Rumen Radev joined business leaders and Czech representatives at a meeting organized by the Bulgarian-Czech Chamber of Commerce
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As Bulgaria moves steadily toward joining the eurozone on January 1, 2026, following unanimous support from eurozone finance ministers and heads of state in June 2025, waves of disinformation continue to circulate
As Bulgaria moves steadily toward joining the eurozone on January 1, 2026, following unanimous support from eurozone finance ministers and heads of state in June 2025, waves of disinformation continue to circulate
One of the most debated topics around Bulgaria’s upcoming transition from the lev to the euro is whether the country is giving up its sovereignty
Recent analysis by the financial portal "Moite pari" indicates that interest rates on bank deposits are starting to climb, particularly noticeable among smaller banks over the past year
Inflation in Bulgaria recorded a slight uptick in May 2025
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
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