Over 92% of Bulgarian Households Now Connected to the Internet
In 2025, Bulgaria is set to record another increase in the number of households connected to the internet.
Society | December 13, 2025, Saturday // 23:00
Bulgarians Show Confidence in Euro: 25% of Household Deposits Already in Euros
- Tweet
Send to Kindle
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. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of business deposits are currently in euros. This reflects a pragmatic approach by Bulgarians, despite the ongoing anti-euro campaigns led by certain political groups, including "Revival" and others.
Chobanov emphasized that the strong presence of the euro in local savings is not surprising, considering Bulgaria's close economic ties with the eurozone and the broader EU. He noted that for many individuals and businesses, holding euros is more convenient, especially for those traveling abroad or dealing with eurozone partners. Keeping funds in euros eliminates the need for currency conversions, thus saving on both exchange fees and potential losses due to fluctuating exchange rates.
Related Articles:
Bulgaria’s Housing Market Soars Ahead of Euro Adoption with 15% Annual Price Increase
Bulgaria’s housing market is experiencing robust growth, driven by strong demand and limited high-quality supply
What Changes When Bulgaria Switches to the Euro Next Year
Beginning on January 1, 2026, Bulgaria will adopt the euro as its official currency
No EU Court Decision on Complaint Challenging Bulgaria’s Euro Adoption
The Court of Justice of the European Union has rejected claims that it has issued a ruling blocking Bulgaria’s planned entry into the eurozone
The Euro Enjoys Strong Public Support Across Eurozone Countries
Public support for the euro in the eurozone remains robust
Bulgaria's Prime Minister: No Signs of Unfair Price Hikes Ahead of the Euro Adoption!
Prime Minister Rosen Zhelyazkov said that the latest sectoral review of pricing practices in large retail chains shows no evidence of coordinated or speculative price hikes linked to Bulgaria’s upcoming adoption of the euro
Politics | December 5, 2025, Friday // 16:09
Top 5 Facts About the Euro You Probably Didn’t Know
The euro has been in use since 1999 as a non-cash accounting unit and since 2002 as physical currency.
Bulgaria: Over 2 Million Retirees to See Pension Increase in 2026
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
Digital Euro Key to Europe’s Financial and Strategic Autonomy, ECB and Commission Officials Say
The digital euro is a crucial tool for strengthening Europe’s financial and strategic independence and will complement physical cash amid the rapid digitalisation of payments.
VAT and Corporate Tax Revenues Significantly Lag Behind Budget Plans
With two months left until the end of the year, the collection of some of the main taxes is significantly lagging behind the targets set in the budget.
What Changes When Bulgaria Switches to the Euro Next Year
Beginning on January 1, 2026, Bulgaria will adopt the euro as its official currency
OECD: Strong Consumption and Rising Incomes Keep Bulgaria’s GDP On Track
The latest assessment from the Organisation for Economic Co-operation and Development suggests that Bulgaria will maintain solid economic momentum this year
